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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, @01:55AM

    by khallow (3766) on Tuesday August 07 2018, @01:55AM (#718070) Journal

    Because very rich people can do a lot of damage trying to get even richer,

    They can do a lot of good too. TMB already figured out to make that happen.

    while it doesn't really make them any happier, it just changes the score in the game known as the Forbes 400.

    And why should we care, that someone values money more than happiness, much less interfere in their life?

    This all stems from my general viewpoint that wealth is much like manure: Spread it around and it can help a lot of good things grow, but pile it up in one place, and it's just a big cesspool of stink.

    The thing is, if we get rid of the wealth of the private world, then where will it come from? The cesspool of government. A key thing being ignored here is that many private sources of wealth are far more disperse than a few public sources of wealth.