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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.

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  • (Score: 1) by khallow on Tuesday August 07 2018, @01:45AM

    by khallow (3766) on Tuesday August 07 2018, @01:45AM (#718067) Journal

    Why does a franchise owner deserve to have employees who are subsidized by parents or state or enforced poverty?

    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.