You really think out of the goodness of their hearts they will give every one a raise?
Not at all. That's why MW needs to be more realistic with future increases indexed to inflation.
It's a shame that is the case. In the past employees were a valued partner in the enterprise. Now they're seen simply as a cost to be cut when they become too costly.
It's not a "shame" that companies don't pay their employees higher than market wages, Kenneth. It's why their employees have jobs
Again professor, what market remains nearly flat for three decades? What market forces act on wages?
The US from 1929 until the 1950s for one. Again, repeating your lie that it's been "three decades" doesn't make it so. It started in the late 90s when the dot com bubble burst. That isn't "nearly three decades" it's a little over 1 and a half
Kaz its has been flat for 3 decades pretty much ever since imports caught up with exports.
I always thought that was the culprit
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I see the overall charts. I sure found the 90s to be a boom decade. I made about four times in 2000 than I made in 1990, then again, I'm in the highly compensated realm. There sure was a lot of money out there though.
The idea that free trade caused it is ridiculous. The more government regulates and controls business, the more we blame ... the businesses. It's ridiculous. It's fear of free trade that is killing us, not free trade