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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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Wages and Benefits are Rising at the Fastest Pace in a Decade
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
The last time I saw him he was walking down Lover's Lane holding his own hand.
-- Fred Allen
(Score: 2) by http on Monday August 06 2018, @10:14PM (3 children)
Why does a franchise owner deserve to have employees who are subsidized by parents or state or enforced poverty?
As Thexalon pointed out, a potential worker rarely has the option of turning down lowball offers. The labour marketplace is not a meeting of equals, and the "free market" is absolute shit at addressing that issue.
I browse at -1 when I have mod points. It's unsettling.
(Score: 2) by The Mighty Buzzard on Monday August 06 2018, @10:39PM
Good question. And here I didn't think you'd be in favor of stopping subsidies.
My rights don't end where your fear begins.
(Score: 2) by The Mighty Buzzard on Monday August 06 2018, @10:40PM
Also, as you've no doubt pointed out in the past, what we have only superficially resembles a free market.
My rights don't end where your fear begins.
(Score: 1) by khallow on Tuesday August 07 2018, @01:45AM
Conversely, why shouldn't we subsidize an employer of teenagers and poor people? You're not advocating for the elimination of the social welfare programs in question (many which are subsidies for someone), so you already accept the presence of some subsidies as a necessary evil.
This has to be the absolutely most hypocritical, seediest argument minimum wage advocates have ever come up with. You have this implicit fuck you to the people who would also be most hurt by minimum wage increases (the poor, inexperienced, students, urban minorities, ex-criminals, etc). And it's the problem that conveniently never goes away. Whatever level you raise minimum wage to, there will always be someone paying it and thus, some "subsidy" scapegoat for your next minimum wage increase push.