SoylentNews is people
SoylentNews
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.
This discussion has been archived.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
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
If condition persists, consult your physician.
(Score: 2) by Pav on Monday August 13 2018, @08:30AM
You're either absolutely clueless on what zero-sum means, or trying to purposely misinform others in this thread. If employment at a business was zero-sum (ie. one party wins an amount equal to what another loses eg. gambling) then most people wouldn't risk employment. Their adversary in this hypothetical zero-sum employment game would have more chance of "winning", and therefore would have a better than even chance of EXTRACTING money from them and pocketing it. That's not what employment is - cash flows to the "weaker" party in fact. Once you comprehend why you'll see employment at a business is more than a double-entry transfer of cash, and that it is in fact positive-sum and that the proceeds of wealth creation are shared between employer and employee. If you're really keen you might look into "positive-sum negotiation between entities of unequal power" and how as employers become more powerful they can negotiate an ever greater share of these proceeds. This is why unregulated capitalism tends towards monopoly, stagnant or declining wages over the long term, and recession/depression.