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Thread: Wages climb

  1. #1
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    Wages climb

    Extracted from this morning's WSJ:

    Average hourly earnings for production and nonsupervisory workers in the private sector were up 3.7% in November from a year earlier—stronger than the 3.1% advance for all employees—implying managers and other nonproduction workers saw a 1.6% wage increase in the past year. The department doesn’t produce separate management pay figures.

    Nonsupervisory workers earned an average of $23.83 an hour in November according to the Labor Department; managers earned about twice that rate.
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    While hourly pay for nonmanagers is growing, average hours worked a week have declined this year. Employers may offer higher wages to attract workers but keep hours in check to control labor costs, Mr. Horrigan said.

    The labor market for skilled workers is always tighter, but it hasn’t improved as substantially in recent years. The unemployment rate for high school dropouts fell to 5.3% last month from 7.8% three years earlier. The rate for college grads is down to 2% from 2.4% in November 2016, and is slightly elevated relative to the late 1990s and early 2000s.
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
    "Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
    “You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis

  2. #2
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    I know my own paycheck from SS affords me about 8 extra gallons of diesel a month starting in January...I should start planning that vacation now......Ben
    The future is forged on the anvil of history...The interpreter of history wields the hammer... - Unknown author...

  3. #3
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    Quote Originally Posted by Truckman View Post
    I know my own paycheck from SS affords me about 8 extra gallons of diesel a month starting in January...I should start planning that vacation now......Ben
    Good for you Ben---I didn't fare as well
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
    "Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
    “You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis

  4. #4
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    I'm sorry, Dave...I guess we can't all hit it big......Ben
    The future is forged on the anvil of history...The interpreter of history wields the hammer... - Unknown author...

  5. #5
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    How would you like to pay Ca gas prices? SS raise only buys one gallon.
    Old redneck hillbilly borned and raised on a redwood stump.

  6. #6
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    Quote Originally Posted by Billy_Rightwing View Post
    How would you like to pay Ca gas prices? SS raise only buys one gallon.
    No thanks, Billy...I'll let you keep that paradise to yourself......Ben
    The future is forged on the anvil of history...The interpreter of history wields the hammer... - Unknown author...

  7. #7
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    It’s Nancy’s doing.
    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  8. #8
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    Quote Originally Posted by wacojoe View Post
    It’s Nancy’s doing.
    Wrong Joe its residual of the Obama economy.
    OPINION....a view or judgment formed about something, not necessarily based on fact or knowledge.

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