American workers' wages stagnant, even in a great economy: why?

[Amarok]

Leave it to roads to defend rich greedy motherfuckers.

Just his like good buddy jebus said:

And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.




unless you make shitty pizza!

Been min your taking the bible of context what Jesus really meant was......

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Leave it to roads to defend rich greedy motherfuckers.

Just his like good buddy jebus said:

And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.




unless you make shitty pizza!

Isn't that the Republican gospel 

Blame the poor for their poverty and call the greedy for daring to want to basic necessities

[John V]

It's interesting that the article OP quotes thinks the reason is the employees: “In a very tight labor market you would expect that workers would negotiate their wages to at least keep up with the cost of living, and the picture tells you that they’re not.”

Yet, everyone immediately jumped to government.

I have 20/18 yo daughters making $15/12 per hour at Chik fil A.

I get McD's breakfast on the way to work once or twice a week. The old woman usually at the drive-through once complained that she had been there 12 years and was only making $10.50. I told her about Chik fil A. Her response was simply that she was used to McD's and didn't feel like going looking around.

In my field (CPA) it's pretty common for people starting out to move every 2-4 years, getting a good pay bump each time, before settling down at a firm.

Maybe our high schools should be teaching some practical things like how to maintain optimum pay rate through negotiation/switching jobs.

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Well it seems that these conversations always seem to go to the 1%.

Yep, and yet the difference between Reps and Dems on taxing them is only 2.6%.

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Unions, not a fan and not at all to what I am referring.  I would never trust an organization that required money from me in order to protect my interests.  

No, I am for a complete eradication of the monetary system.  No bartering either.  I believe people will work at helping a community survive when all are equally on the same level and all equally are treated the same and all are equally receiving the same minimal comforts for happiness and survival.  It is the greed to have something someone else doesn't that separates us and makes people lazy to the point where we realize not working for a corrupt system is better than supporting it for a lifetime of grief and no proper recompense.

Move to Venezuela. Their money's worthless and they're all pretty equally starving.

[Angrboda]

You Know Who the Tax Cuts Helped? Rich People, NY Times

[Mister Agenda]

As a lower-level manager in a large corporation, I am starting to feel the pinch of a tight labor market. I am having trouble filling temp positions at the wages I'm allowed to offer. More people on my staff are applying for other positions in the company, and I anticipate it will be more difficult to replace them, especially with the limitations imposed on what I can offer by upper management. My experience is that these conditions will have to persist for another year before we start seeing any wage adjustments. We don't raise wages until the impact of not being able to attract and retain talent trickles up to corporate profits.

[Amarok]

Yep, and yet the difference between Reps and Dems on taxing them is only 2.6%.

Which is still more and once again pretending the last 8 years conservative bitch about being overtaxed never happened

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Move to Venezuela. Their money's worthless and they're all pretty equally starving.

Yeah to bad that has nothing to do with kits comments or socialism

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It's interesting that the article OP quotes thinks the reason is the employees: “In a very tight labor market you would expect that workers would negotiate their wages to at least keep up with the cost of living, and the picture tells you that they’re not.”

Yet, everyone immediately jumped to government.

I have 20/18 yo daughters making $15/12 per hour at Chik fil A.

I get McD's breakfast on the way to work once or twice a week. The old woman usually at the drive-through once complained that she had been there 12 years and was only making $10.50. I told her about Chik fil A. Her response was simply that she was used to McD's and didn't feel like going looking around.

In my field (CPA) it's pretty common for people starting out to move every 2-4 years, getting a good pay bump each time, before settling down at a firm.

Maybe our high schools should be teaching some practical things like how to maintain optimum pay rate through negotiation/switching jobs.

Conservative la la land and maybe workers should not have bargain for a descent living wage be able to keep the job they have.Lets try that instead .

[Anomalocaris]

As a lower-level manager in a large corporation, I am starting to feel the pinch of a tight labor market. I am having trouble filling temp positions at the wages I'm allowed to offer. More people on my staff are applying for other positions in the company, and I anticipate it will be more difficult to replace them, especially with the limitations imposed on what I can offer by upper management. My experience is that these conditions will have to persist for another year before we start seeing any wage adjustments. We don't raise wages until the impact of not being able to attract and retain talent trickles up to corporate profits.

That’s not necessarily a good sign. Tightness in labor market usually occurs towards the end of an expansion cycle and preceed a downturn.

[downbeatplumb]

As a lower-level manager in a large corporation, I am starting to feel the pinch of a tight labor market. I am having trouble filling temp positions at the wages I'm allowed to offer. More people on my staff are applying for other positions in the company, and I anticipate it will be more difficult to replace them, especially with the limitations imposed on what I can offer by upper management. My experience is that these conditions will have to persist for another year before we start seeing any wage adjustments. We don't raise wages until the impact of not being able to attract and retain talent trickles up to corporate profits.

That’s not necessarily a good sign. Tightness in labor market usually occurs towards the end of an expansion cycle and preceed a downturn.

The Trump slump is on its way.

The US's tourism market has already largely collapsed as the US is not seen as a nice place to go.

Spain is expected to become the second most popular tourist destination in the world, overtaking the US, as the so called ‘Trump Slump’ cause a dip in the US tourism industry; says GlobalData a leading data and analytics company.

The decline of tourism is estimated to cost the US economy £140 million a week, equivalent to £7.3 billion a year.

http://www.ttoscandinavia.com/trump-slump-leads-spain-to-overtake-us-in-global-tourism/

https://www.theguardian.com/travel/2017/feb/28/us-tourism-experiences-a-trump-slump

Interest in travel to the US has “fallen off a cliff” since Donald Trump’s election, according to travel companies who have reported a significant drop in flight searches and bookings since his inauguration and controversial travel ban.

Data released this week by travel search engine Kayak reported a 58% decline in searches for flights to Tampa and Orlando from the UK, and a 52% decline in searches for Miami. Searches for San Diego were also down 43%, Las Vegas by 36% and Los Angeles 32%.

Tired of all that winning yet?

[Whateverist]

American Workers Just Got a Pay Cut in Economy Trump Calls Great

President Donald Trump has presided over an accelerating economy and the lowest unemployment in years, but American workers still aren’t seeing it in their wallets.

U.S. average hourly earnings adjusted for inflation fell 0.2 percent in July from a year earlier, data released on Friday showed, notching the lowest reading since 2012. While inflation isn’t high in historical terms, after years of being too low following the 2007-2009 recession, its recent gains are taking a bigger bite out of U.S. paychecks.

“Inflation has been climbing and wage growth, meanwhile, has been flat as a pancake,” said Laura Rosner, senior economist at MacroPolicy Perspectives LLC in New York. “In a very tight labor market you would expect that workers would negotiate their wages to at least keep up with the cost of living, and the picture tells you that they’re not.”

U.S. unemployment at 3.9 percent in July was near a 50-year low and a core measure of inflation that excludes food and energy prices has pushed to 2.4 percent, the highest reading in almost a decade. But wages are just not keeping up and part of the reason is probably a lack of bargaining power on the part of U.S. workers.

Ryan Sweet, an economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said given that inflation has been low in recent years, “the sense of urgency” hasn’t been there to negotiate for higher wages. In the post-recession labor market, workers have forgotten how to bargain.

“As the labor market came back, workers were just happy to have survived,” Sweet said. “They value their job security more than asking for a higher wage.”

What will determine real wages in the coming months is not inflation as much as what happen to wages, he said. “I do anticipate nominal wage growth picking up which should help drive up real wage gains over the next few months.”

As I've said countless times, the average worker suffers under the American economic model. Things have to change on a fundamental level. We know that wages have failed to keep up with inflation, and that the top 10 percent of income earners have seen magnificent gains while the rest of us have seen, statistically speaking, nothing. It seems Republicans (and moderate Democrats) have conditioned workers to be content with this reality. This has been an issue for over 30 years. Through Clinton and Obama too.

I align with the political philosophy of social democracy. It's time to take note from its success in the Nordic countries. The average American deserves more. Congress (Dems and Repubs alike) almost unanimously passed the disgusting and highly unnecessary $700 billion to our military complex while we bicker about whether or not we can afford a universal healthcare system. Repulsive.

Parasitic 1%'ers are no longer concerned with preserving their hosts.

While I admit some culling of the herd is probably desirable, I personally would prefer to start with that 1%. Guillotines people. Guillotines.

[Anomalocaris]

That’s not necessarily a good sign. Tightness in labor market usually occurs towards the end of an expansion cycle and preceed a downturn.

The Trump slump is on its way.

The US's tourism market has already largely collapsed as the US is not seen as a nice place to go.

Spain is expected to become the second most popular tourist destination in the world, overtaking the US, as the so called ‘Trump Slump’ cause a dip in the US tourism industry; says GlobalData a leading data and analytics company.

The decline of tourism is estimated to cost the US economy £140 million a week, equivalent to £7.3 billion a year.

http://www.ttoscandinavia.com/trump-slump-leads-spain-to-overtake-us-in-global-tourism/

https://www.theguardian.com/travel/2017/feb/28/us-tourism-experiences-a-trump-slump

Interest in travel to the US has “fallen off a cliff” since Donald Trump’s election, according to travel companies who have reported a significant drop in flight searches and bookings since his inauguration and controversial travel ban.

Data released this week by travel search engine Kayak reported a 58% decline in searches for flights to Tampa and Orlando from the UK, and a 52% decline in searches for Miami. Searches for San Diego were also down 43%, Las Vegas by 36% and Los Angeles 32%.

Tired of all that winning yet?

One of the major tools to mitigate a slump and accelerate a recovery is via a tax cut.  One way to mitigating the effects of overheating economy and prolong the growth cycle is through a tax increase.   We did the exact opposite. We cut taxes while the economy is in full growth and on the verge of overheating.  We probably worsened the overheating ING and accelerated the approach of the down turn.   Having already cut tax to deep deficit territory, we have no room to cut taxes when we are in the down turn and need a stimulus.

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American Workers Just Got a Pay Cut in Economy Trump Calls Great


As I've said countless times, the average worker suffers under the American economic model. Things have to change on a fundamental level. We know that wages have failed to keep up with inflation, and that the top 10 percent of income earners have seen magnificent gains while the rest of us have seen, statistically speaking, nothing. It seems Republicans (and moderate Democrats) have conditioned workers to be content with this reality. This has been an issue for over 30 years. Through Clinton and Obama too.

I align with the political philosophy of social democracy. It's time to take note from its success in the Nordic countries. The average American deserves more. Congress (Dems and Repubs alike) almost unanimously passed the disgusting and highly unnecessary $700 billion to our military complex while we bicker about whether or not we can afford a universal healthcare system. Repulsive.

Parasitic 1%'ers are no longer concerned with preserving their hosts.

The fatter the parasite, the more easily it can transfer to another host.  This is why parasites are eager to suck the host dry to get fatter now.    This is also why Americans are idiots and deserve extinction for so easily be duped into gladly fattening our parasites.

[vorlon13]

I think the metrics are misleading.

Wages stagnant, but more people working, then business IS spending more on wages. Workers, en mass, do have more money.

And not considering the 'bump' in pay from welfare/unemployment insurance to actual minimum wage (at least) is disingenuous.