Stories
Slash Boxes
Comments

SoylentNews is people

Wages and Benefits are Rising at the Fastest Pace in a Decade

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

An Anonymous Coward writes:

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Wages and Benefits are Rising at the Fastest Pace in a Decade | Log In/Create an Account | Top | 100 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1) by khallow on Tuesday August 07 2018, @12:54AM

    by khallow (3766) Subscriber Badge on Tuesday August 07 2018, @12:54AM (#718052) Journal
    It really boils down to health insurance plus minor amounts of other benefits.

    An example of the former is the health benefit, the cost increases approximately 2-5%. Therefore, the company can claim their benefit goes up by the same amount each year.

    Given that individual health insurance would also go up by similar amounts, that's not saying much. The value to employees goes up as the FMV goes up.