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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
06-11-2018, 03:06 PM
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#1
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by wdmso
whats the point of having this shortage of works wink wink if wages dont go UP?
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Well if you have 2 jobs available and only 1 person available to fill it, he's probably going to select the job with better pay/benefits. So the company that isn't recuiting enough people, better up their wages/benefits to attract people to their company, or risk a downturn in their business.
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"If you're arguing with an idiot, make sure he isn't doing the same thing."
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06-11-2018, 03:15 PM
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#2
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by The Dad Fisherman
Well if you have 2 jobs available and only 1 person available to fill it, he's probably going to select the job with better pay/benefits. So the company that isn't recuiting enough people, better up their wages/benefits to attract people to their company, or risk a downturn in their business.
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Geez, when you put it that way, it sounds like common sense and basic supply/demand.
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06-11-2018, 03:16 PM
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#3
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by Jim in CT
Geez, when you put it that way, it sounds like common sense and basic supply/demand.
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Every once in awhile I have a lucid moment
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"If you're arguing with an idiot, make sure he isn't doing the same thing."
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06-11-2018, 05:52 PM
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#4
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,145
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Quote:
Originally Posted by The Dad Fisherman
Well if you have 2 jobs available and only 1 person available to fill it, he's probably going to select the job with better pay/benefits. So the company that isn't recuiting enough people, better up their wages/benefits to attract people to their company, or risk a downturn in their business.
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In a perfect world.. but that hasn't been the case
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06-11-2018, 07:18 PM
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#5
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by wdmso
In a perfect world.. but that hasn't been the case
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Sure it has, you just weren't paying attention.
Posted from my iPhone/Mobile device
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"If you're arguing with an idiot, make sure he isn't doing the same thing."
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06-12-2018, 07:36 AM
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#6
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Registered User
Join Date: Oct 2003
Location: Bethany CT
Posts: 2,877
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Quote:
Originally Posted by The Dad Fisherman
Sure it has, you just weren't paying attention.
Posted from my iPhone/Mobile device
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Who wasn't paying attention? Real data contradicts your statement. Wage growth has been and continues to be low.
"The modest increase in annual raises would seem to defy Economics 101. The unemployment rate has been below 5% since May 2016. Many companies are having a hard time filling positions, particularly for skilled workers. Typically, when the demand for workers grows, wages go up.
One possible explanation: Older workers are retiring and being replaced by younger workers who earn less, which drags down the aggregate increase. Another factor: Many employers are no longer offering equal raises. "
https://www.kiplinger.com/article/bu...s-in-2018.html
also https://www.bloomberg.com/view/artic...-bigger-raises
Last edited by zimmy; 06-12-2018 at 07:44 AM..
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No, no, no. we’re 30… 30, three zero.
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06-12-2018, 08:25 AM
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#7
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by zimmy
Who wasn't paying attention? Real data contradicts your statement. Wage growth has been and continues to be low.
"The modest increase in annual raises would seem to defy Economics 101. The unemployment rate has been below 5% since May 2016. Many companies are having a hard time filling positions, particularly for skilled workers. Typically, when the demand for workers grows, wages go up.
One possible explanation: Older workers are retiring and being replaced by younger workers who earn less, which drags down the aggregate increase. Another factor: Many employers are no longer offering equal raises. "
https://www.kiplinger.com/article/bu...s-in-2018.html
also https://www.bloomberg.com/view/artic...-bigger-raises
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1st raises and new job salaries are 2 different things. Once an employer hires you raises are not going to align with what new hires are going to receive as the demand increases
2nd this is from one of the articles you posted
“The first quarter of 2018 did see substantial compensation increases — an annualized rate of almost 4 percent.”
Which aligns with what we were saying about as the demand for skilled workers increases the compensation increases
3rd your post even reiterates what we said
“Typically, when the demand for workers grows, wages go up.”
And even gives a reason why it may be slow through this cycle. Inexperienced people, who do not command as high a salary, as the experienced people who are retiring did.
It also doesn’t happen immediately, the wage decrease that occurred when the dot-com bubble burst took a few years to correct itself and now developers are reaping increased compensation.
Posted from my iPhone/Mobile device
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"If you're arguing with an idiot, make sure he isn't doing the same thing."
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