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posted by martyb on Monday August 06 2018, @09:37AM   Printer-friendly
from the positive-news dept.

Marketwatch brings good news for the USA: American workers are finally reaping the benefits of the lowest unemployment rate and best jobs market in decades: Wages and benefits are rising at the fastest pace in a decade. Firms have sought to fill openings by offering better benefits such as more vacation time or flexible hours. When push comes to shove, they are offering higher pay. While bigger paychecks are great for workers, the US Federal Reserve is watching closely to see if rising compensation is stoking inflation. The Federal Reserve could increase U.S. interest rates if it becomes a big worry, but so far inflation remains relatively mild.


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  • (Score: 0) by Anonymous Coward on Monday August 06 2018, @06:25PM (3 children)

    by Anonymous Coward on Monday August 06 2018, @06:25PM (#717938)

    I'm still seeing recruiters trying to persuade people to work for H1B wages.

    Like, UNIX systems administrators being offered $40/hour, in the Bay Area?

  • (Score: 2) by The Mighty Buzzard on Monday August 06 2018, @07:57PM (2 children)

    Do you have any idea at all how far $40/hr over a year would go away from SF? I'd start turning down jobs that looked overly annoying twenty thousand dollars or so a year before that.

    --
    My rights don't end where your fear begins.
    • (Score: 0) by Anonymous Coward on Monday August 06 2018, @10:31PM (1 child)

      by Anonymous Coward on Monday August 06 2018, @10:31PM (#718014)

      Your 1st and 2nd sentence don't seem to work well together. $40/hr would be quite a good wage in many places in the US but definitely not the Bay area or really almost anywhere in California. Even the "cheap" places to live only have slightly cheaper rent but more expensive everything else usually.

      And turning down a job 20k before 80k? So you'd turn down 60k? Or did you mean it the other way, you'd turn down jobs at $100k if they were too annoying?

      Regardless, the point stands. Employers are cutting wages more and more as can be easily seen in the Bay Area and that is supposed to be the pinnacle of wages in the US right now. Yay H1Bs /s

      I absolutely believe the big tech corps are lobbing for H1Bs specifically to drive tech wages down. Also corps no longer want to train anyone ever, what a screwed up mentality.

      • (Score: 3, Insightful) by The Mighty Buzzard on Monday August 06 2018, @10:52PM

        You misread them then.

        I meant given the flexible contract nature of what I do, after I've made or am on a reliable track to make $60K or so, I start getting much pickier about what additional jobs I'm willing to take on.

        Employers are cutting wages more and more...

        You realize you're stating this attached to a story professing the exact opposite, yes? That's going to need some backing up.

        Yay H1Bs

        Fuck H1Bs. Not a little bit. Entirely. I am an unashamed nationalist on the subject.

        Also corps no longer want to train anyone ever, what a screwed up mentality.

        Not really the case. We just ran a story the past week or so (unless I read it somewhere else) about the opposite starting to happen again. Not doing in-house or subcontracted training is bloody stupid if you don't have a pretrained workforce waiting in line though. Training for most things doesn't cost (in either time or money) remotely as much as a degree for it would and you end up with not only an educated person but one experienced in your specific application as well.

        --
        My rights don't end where your fear begins.