Posted on 05/20/2017 9:55:22 AM PDT by ForYourChildren
As Washington debates what actions to take to rev up economic growth, the free-market private sector, which waits for no one, is witnessing the beginning of a new trend.
For a decade, America has been a tale of two economies: a strong one for skilled workers and a worrisome, poor one for workers without skills. The gap, however, is now diminishing, as low unemployment, rising expectations and economic reality are causing a recruitment war to begin, a war that’s good for workers, including those with no skills.
I hear it from employers across the country – if they don’t raise wages, offer more opportunities for training and career advancement or improve their work environments, they can’t keep their workforce.
At long last, the marketplace is shifting from an employers’ market to a workers’ market. The implications run deep.
{..snip..}
(Excerpt) Read more at foxnews.com ...
More WINNING!!
#MAGA
“Since the Great Recession, American businesses have been cautious. The hangover of the recession, combined with the federal government’s high tax and increased regulatory response to many policies, put a wet blanket over economic growth, all of which contributed to low wage growth.”
OBAMA destroyed the economy.
This is OBAMA greatest depression. Worse than the great depression.
I don’t know. Companies still act like being over 50 is a disability.
“But a corner has been turned.
“Businesses are now recognizing that there is a growing fierce competition for labor.
“As the business cycle turns and the recruitment war heats up, workers will be the big winners, whether Washington acts or not.”
“..whether Washington acts or not.”
TRUMP is acting!
TRUMP OPTIMISM!
The economy is starting to react to TRUMPs WINNING.
Worse yes because then if you were not employed in any fashion than that counted toward the 25-28% unemployment rate, but now, using the metric, the rate is in the mid-thirties and rising ...
What an incredibly shallow article.
Unchecked criminal immigration has kept wages low all these years.
Expand the workforce and wages stagnate, plain & simple.
Why do you think the government has done so little to curb illegal immigration?
Because the ‘employer class’ and the ‘political donor class’ stand to remain wealthy if they can keep wages artificially low.
Trump is doing something about it and the establishment is going crazy!
You touch on an important point. While age discrimination is against the law, it does occur.
Companies would rather hire someone who is 35, as opposed to someone better qualified who is pushing 55 or 60.
Part of this is because of health insurance. The company health insurance premiums for older workers are higher than for younger. That fact, plus the fact that older more experienced workers would tend to expect higher salaries, combine to cause employers to indirectly prefer younger workers.
And part of it is based on experience. Someone 55 can claim 30 years of experience in some job. Someone 35 can claim 7 to 10 years of experience. To the employer, the 35 year old knows the job too, even though on paper, they have less experience.
The only jobs in which age could be an advantage, would be for executive positions in major corporations, for which someone having had 20 years of increasing responsible experience running major pieces of a company would be beneficial experience.
Yes, you understand this.
Very few people get it.
The vast majority of people look at “unemployment” during Great Depression and compare with “unemployment” today.
The vast majority of people most people do not know that they are looking at two completely different “unemployment” numbers. Two completely different ways of defining “unemployment”.
They do not know that they are actually comparing apples and oranges.
History will eventually judge Obama’s great recession as a much deeper and longer sustained GREATER DEPRESSION than the Great Depression. Obama will go down in history as one of the worst presidents ever! Very few people understand this today - now.
Absolutely - we will see
The problem I see with today’s job market is that the requirements and work required to get a STEM degree turns a lot of kids off. So ta lot of them end up with a Liberal Arts degree with not much future in today’s job markets. That plus the facts some companies would rather hire H1B visa holders at around 25% less than the salary of a US degree holder probably turns a lot of them off also.
But the rank and file of the voting public will see and feel this. DJT will benefit enormously next election if he can just hold on that long.
And, the slashed regulations and improved tax policy will contribute even more to economic growth.
A typical HR recruitment exerpt from my field.
“ Aeronautical engineer. Must have PhD in aeronautics. 25 years exeprience in all aspects of launch vehicles, satellites, aviation manufacturing, airfoil cfd analysis, mechanical, stress, and vibration resonance analysis. $45,000 per year with chance for advancement.”
I was a certified structural welder while I went to college (I was one of those fools that took no debt for college). I see the same wages offered today as I was paid nearly 20 years ago. Even engineering wages are the same since I started about 15 years ago. Wages are stuck and stink while the cost of everything has gone way up.
$45K for a PhD in aeronautics? That just doesn’t seem right. A literal rocket scientist for $45K?
I think of THAT as Evolution in Action. And in ten years, the jobs as baristas and fry cooks will even be gone. . .
As for H1B’s. . . . the price doesn’t make up for the fact that most are truly abysmal workers with few real skills and even less experience. . . .
That's all fine and good, but we employers have to be able to raise our depressed prices before we can raise depressed wages.
Kicking the illegals out of the workforce is the key to making that happen. Their presence artificially distorts the natural labor market, which results in depressed wages (and profits).
Are you listening, Mr President?
That particular ad is clearly intended to demonstrate that “there are no Americans available for this position; therefore you must approve our H1b visa application” so they can hire an Indian at $45k per year.
In 2008 Obama spent his time building Obamacare are instead of working on the economy. He did this as he had control of congress and knew when midterms arrived he wouldn’t. Meantime the economy tanked.
Depends on the company, I guess. I’m 53 this year, 3.5 years in the job, which I got two days after completing an 18-week community college course for it. And that was during the Obamanation of Desolation.
Looking forward to whatever this will do for guys like us...
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