Posted on 03/22/2024 4:12:06 AM PDT by RomanSoldier19
U.S. wage growth has slowed sharply over the past year and is getting closer to returning to its pre-pandemic level, according to new data from career site Indeed.
The wage tracker – based on salaries for job advertisements listed on Indeed – showed that salaries were up 3.3% in February compared with the same time one year ago. That is a marked drop from January 2022, when wages were up about 9.3%, suggesting that employers are facing less competition for new hires.
(Excerpt) Read more at msn.com ...
Immigrants work cheaply. Especially when they get prepaid debit cards from the government.
I wouldn’t place any faith in this study because it doesn’t mean anything.
What should be looked at what is what a person actually earns instead of the advertised offer or rate. Advertised rates can change by going up or down depending on demand or bad judgment by the employer. Adverised offers can be made too low or high whereas what a person earns is accurately defined every payday. Nothing is earned by an offer. It only becomes earned when it is accepted.
Not to mention the folks whove been laid off from good jobs and are now driving for Uber eats.
In tough times only exceptional workers will be able to highball the company hiring them for their services. Agreed though it should be what is earned. Real wages made a brief recovery but have been falling most of Bidens reign of economic terror. Those numbers are readily available.
Wages v cost of living has been disconnected for decades.
The younger generations have some legitimate complaints.
Check the numbers.
The rate of wage increases reduced in Feb. vs. Jan.
Like the gov saying they’ve cut spending when they simply reduced the rate at which spending increased.
Baby boomers are retiring and being replaced by entry level workers along with the economy that sucks.
As a late stage Baby Boomer myself, I do feel for 20 somethings today who have to pay so much for essentials like rent. My rent was about 20% of my monthly net pay, which is a bargain by today’s standards.
The drop in wage rate increase means employers sense recession and can be carefully selective in cost control.
Wage growth in excess of inflation is unsustainable.
Cost of living increases are far higher than any increase in pay for cost of living.
The supposed number for the year, for inflation, was 3.2%. Total BS.
I agree.
I employ 6 guys in a service-based business I own. They are all young men in their mid to late 20’s. Their average pay is $25/hr which quite honestly is pretty good for the industry. I hear all the time about their rent and costs and I feel for them. Most guys have to live with roommates and are 1 car repair from being in financial trouble.
As the owner, my costs have all gone up, just like theirs have, exponentially. So I’m also between a rock and a hard place. I can only raise prices so high. I’m doing everything I can to keep the guys employed including often sacrificing my own pay check if cashflow is tight. But according to dems, us small biz owners are greedy P.O.S. sitting on mountains of cash and throwing scraps at desperate workers.
God help us if Trump isn’t president a year from now.
Stagflation is here to stay. Aging peoples, combined with grievances ie wages, healthcare will keep .gov spending high, which continues to screw younger generations and fixed incomes.
bttt
Some of which jobs don't exist, and others of which are bait and switch and which will actually result in lower offers.
¿Quieres papas fritas con eso?
Original Fox News link:
https://www.foxbusiness.com/economy/wages-us-are-falling-striking-pace-indeed-says
and SNAP cards, and WIC cards. All gov programs to give illegals, poor, and freeloaders money for nuttin’!
I hear you, I really do. There is no denying that things ar emore expensive now. That said, many people these days”have” to have:
Cell phone
Cable or satellite TV
Use Uber eats or some other delivery service for meals
Go out to eat all the time
Multiplpe entertainment subscription plans
High speed internet
Multiple tattoos (aint cheap)
There is a lot of things that can get cut from the budget if need be. Yeah, I was there. When i got out of the Army I was making $7.50/hr in 2000. We barely made it.
The engineering company my son-in-law works for just laid off 18-20 of their engineers. He was one of the surviving 5-6. Truth be known, most of the ones laid off were slackers.
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