Wayfair to pay $15 an hour minimum

[Turtlesoup]

Wayfair to Pay All U.S. Employees a Minimum of $15 Per Hour

More than 40% of hourly employees to receive pay increase effective immediately Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced that all U.S. employees will now make at least $15 per hour. The increase took effect on January 3, 2021 and applies...

investor.wayfair.com

The Biden effect in action.

They sell overpriced crappy crap............I still wont be shopping there.

 

[sealybobo]

Wayfair to Pay All U.S. Employees a Minimum of $15 Per Hour

More than 40% of hourly employees to receive pay increase effective immediately Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced that all U.S. employees will now make at least $15 per hour. The increase took effect on January 3, 2021 and applies...

investor.wayfair.com

The Biden effect in action.

They sell overpriced crappy crap............I still wont be shopping there.

There you go again attacking American corporations who pay good wages. Who do you like Walmart?

 

[Wyatt earp]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

Do you have a list of companies that have not raised their wages for decades? I don't know of any, enlighten us all.

But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

For the biggest group of American workers, wages aren’t just flat. They’re falling.


For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America


The falling wages promise to exacerbate historic levels of U.S. inequality. Within the labor force, it means workers who were already making less are falling further behind. And if private laborers as a whole are seeing their earnings flatten while the economy as a whole grows at an annual rate of more than 2 percent, that means the gains are going almost exclusively to people already at the top of the economic ladder, economists say.
“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.”


But why is wage growth so tepid?
This problem is not new: Slow wage growth bedeviled the Obama administration, as well.


Weaker union rights for workers may also be cutting into their ability to force pay increases from their bosses, said Jared Bernstein, who served as an economic adviser to Vice President Joe Biden.
Trump officials pointed to what they called a strong growth in private business investment in the first quarter of 2018, after the tax law's passage, and expressed optimism that the law would translate into higher wages for workers in the near future. They also dismissed the allegation that the data disproved their claim that the tax law would raise the average worker's wage by $4,000.
“The law is just six months old,” said DJ Nordquist, chief of staff for Trump's Council of Economic Advisers, in an email. “Our estimates [of the tax law's benefits] were for 'steady state' — when the full effects of the law spread throughout the economy, which will take years, as we always said it would.”


But to Democrats, the tepid wage growth helps bolster their claim that the Republican tax law was overwhelmingly geared toward the wealthy and that a more direct role for the federal government is needed to help workers.
“Today, while the cost of health care, prescription drugs, gasoline and housing soar, the average worker, according to the Bureau of Labor Statistics, is now making slightly less than he or she made one year ago after adjusting for inflation,” Sen. Bernie Sanders (I-Vt.) said in an email to The Washington Post, arguing for a higher minimum wage and a single-payer health-care plan.

Can't you name the companies? You made the claim, now you are trying to qualify your claim and still no proof?

They aren’t fortune 500s. I showed you a list of what industries where this is true.

after inflation a lot of people are doing worse.

How about this. I know a bunch of people today make $50k. They work administrative jobs. Those jobs paid $50k in the 90s. So people are making less toda when you factor inflation.

They have not gotten a raise in 20 years?


Two; so Einstein how much buying power will people making $50 ,000 a year have if the minimum wage was double??????

 

[Wyatt earp]

Wayfair to Pay All U.S. Employees a Minimum of $15 Per Hour

More than 40% of hourly employees to receive pay increase effective immediately Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced that all U.S. employees will now make at least $15 per hour. The increase took effect on January 3, 2021 and applies...

investor.wayfair.com

The Biden effect in action.

They sell overpriced crappy crap............I still wont be shopping there.

I never even heard of them

 

[sealybobo]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

Do you have a list of companies that have not raised their wages for decades? I don't know of any, enlighten us all.

But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

For the biggest group of American workers, wages aren’t just flat. They’re falling.


For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America


The falling wages promise to exacerbate historic levels of U.S. inequality. Within the labor force, it means workers who were already making less are falling further behind. And if private laborers as a whole are seeing their earnings flatten while the economy as a whole grows at an annual rate of more than 2 percent, that means the gains are going almost exclusively to people already at the top of the economic ladder, economists say.
“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.”


But why is wage growth so tepid?
This problem is not new: Slow wage growth bedeviled the Obama administration, as well.


Weaker union rights for workers may also be cutting into their ability to force pay increases from their bosses, said Jared Bernstein, who served as an economic adviser to Vice President Joe Biden.
Trump officials pointed to what they called a strong growth in private business investment in the first quarter of 2018, after the tax law's passage, and expressed optimism that the law would translate into higher wages for workers in the near future. They also dismissed the allegation that the data disproved their claim that the tax law would raise the average worker's wage by $4,000.
“The law is just six months old,” said DJ Nordquist, chief of staff for Trump's Council of Economic Advisers, in an email. “Our estimates [of the tax law's benefits] were for 'steady state' — when the full effects of the law spread throughout the economy, which will take years, as we always said it would.”


But to Democrats, the tepid wage growth helps bolster their claim that the Republican tax law was overwhelmingly geared toward the wealthy and that a more direct role for the federal government is needed to help workers.
“Today, while the cost of health care, prescription drugs, gasoline and housing soar, the average worker, according to the Bureau of Labor Statistics, is now making slightly less than he or she made one year ago after adjusting for inflation,” Sen. Bernie Sanders (I-Vt.) said in an email to The Washington Post, arguing for a higher minimum wage and a single-payer health-care plan.

Can't you name the companies? You made the claim, now you are trying to qualify your claim and still no proof?

They aren’t fortune 500s. I showed you a list of what industries where this is true.

after inflation a lot of people are doing worse.

How about this. I know a bunch of people today make $50k. They work administrative jobs. Those jobs paid $50k in the 90s. So people are making less toda when you factor inflation.

They have not gotten a raise in 20 years?


Two; so Einstein how much buying power will people making $50 ,000 a year have if the minimum wage was double??????

I don’t want minimum wage to double. I know increasing it causes inflation.

 

[Wyatt earp]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

Do you have a list of companies that have not raised their wages for decades? I don't know of any, enlighten us all.

But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

For the biggest group of American workers, wages aren’t just flat. They’re falling.


For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America


The falling wages promise to exacerbate historic levels of U.S. inequality. Within the labor force, it means workers who were already making less are falling further behind. And if private laborers as a whole are seeing their earnings flatten while the economy as a whole grows at an annual rate of more than 2 percent, that means the gains are going almost exclusively to people already at the top of the economic ladder, economists say.
“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.”


But why is wage growth so tepid?
This problem is not new: Slow wage growth bedeviled the Obama administration, as well.


Weaker union rights for workers may also be cutting into their ability to force pay increases from their bosses, said Jared Bernstein, who served as an economic adviser to Vice President Joe Biden.
Trump officials pointed to what they called a strong growth in private business investment in the first quarter of 2018, after the tax law's passage, and expressed optimism that the law would translate into higher wages for workers in the near future. They also dismissed the allegation that the data disproved their claim that the tax law would raise the average worker's wage by $4,000.
“The law is just six months old,” said DJ Nordquist, chief of staff for Trump's Council of Economic Advisers, in an email. “Our estimates [of the tax law's benefits] were for 'steady state' — when the full effects of the law spread throughout the economy, which will take years, as we always said it would.”


But to Democrats, the tepid wage growth helps bolster their claim that the Republican tax law was overwhelmingly geared toward the wealthy and that a more direct role for the federal government is needed to help workers.
“Today, while the cost of health care, prescription drugs, gasoline and housing soar, the average worker, according to the Bureau of Labor Statistics, is now making slightly less than he or she made one year ago after adjusting for inflation,” Sen. Bernie Sanders (I-Vt.) said in an email to The Washington Post, arguing for a higher minimum wage and a single-payer health-care plan.

Can't you name the companies? You made the claim, now you are trying to qualify your claim and still no proof?

They aren’t fortune 500s. I showed you a list of what industries where this is true.

after inflation a lot of people are doing worse.

How about this. I know a bunch of people today make $50k. They work administrative jobs. Those jobs paid $50k in the 90s. So people are making less toda when you factor inflation.

They have not gotten a raise in 20 years?


Two; so Einstein how much buying power will people making $50 ,000 a year have if the minimum wage was double??????

I don’t want minimum wage to double. I know increasing it causes inflation.

Thank God you agree with that.


What we really need is a teird minimum wage, for example

16~17 years old $9 bucks an hour

18~21 years old $10 bucks an hour

21 years old an up $12 an hour

 

[Wyatt earp]

Also a maximum wage, say no CEO can make more then 200 times his lowest employee

 

[Turtlesoup]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

I wouldnt work for a place like that

Oh so you think it’s easy to find another company that pays better and will hire you? I don’t think most people in America have that luxury. I bet if most people lost their job tomorrow, they’d be unemployed for at least a couple few months and they’ll probably end up at another company making just about the same or less.

If only it were that easy to just go find another job that pays more. If it were that easy itd be great. Then I would agree with you.

I make almost $100k. It’s very possible if I lost my job I would not find another company that would pay me as well. I’d probably have to go prove I’m worth it and a lot of times companies don’t give you a raise even when you are worth it. I’ve seen my company let people go rather Than give a raise. I think most companies and employees know it’s the corporations who are in the drivers seat here.

It might be hard for you, but you cant speak for all of America.

One person can land the better job. Millions of others that need to work can not.

It would be nice to be able to tell my company if they don’t give me a raise I will go somewhere else and then be able to easily go somewhere else that pays more. If it were that easy we wouldn’t have such a struggling middle class.

This is why America was great when 35% of our workforce was unionized. If a non union company didn’t pay well people could go work for a union company.

And when unions collectively bargained and got raises, non union companies had to give raises for fear their good employees would leave or organize.

Now that unions barely exist, employers don’t have to give raises. Instead we have seen ceo pay skyrocket.

I'll let you in on a secret------------------if you want more money, you have to change jobs. Most companies will not pay old employees as much as new ones because the thinking is that most people don't like to move around---(change jobs and especially move to change jobs) so companies don't have to pay them more. They will only lose a few of their old employees so it is better for them to pay less. If you are willing to move though--then they can more easily justify paying more to attract TALENT especially if you time the moves when the economy is in a up cycle.

 

[Papageorgio]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

Do you have a list of companies that have not raised their wages for decades? I don't know of any, enlighten us all.

But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

For the biggest group of American workers, wages aren’t just flat. They’re falling.


For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America


The falling wages promise to exacerbate historic levels of U.S. inequality. Within the labor force, it means workers who were already making less are falling further behind. And if private laborers as a whole are seeing their earnings flatten while the economy as a whole grows at an annual rate of more than 2 percent, that means the gains are going almost exclusively to people already at the top of the economic ladder, economists say.
“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.”


But why is wage growth so tepid?
This problem is not new: Slow wage growth bedeviled the Obama administration, as well.


Weaker union rights for workers may also be cutting into their ability to force pay increases from their bosses, said Jared Bernstein, who served as an economic adviser to Vice President Joe Biden.
Trump officials pointed to what they called a strong growth in private business investment in the first quarter of 2018, after the tax law's passage, and expressed optimism that the law would translate into higher wages for workers in the near future. They also dismissed the allegation that the data disproved their claim that the tax law would raise the average worker's wage by $4,000.
“The law is just six months old,” said DJ Nordquist, chief of staff for Trump's Council of Economic Advisers, in an email. “Our estimates [of the tax law's benefits] were for 'steady state' — when the full effects of the law spread throughout the economy, which will take years, as we always said it would.”


But to Democrats, the tepid wage growth helps bolster their claim that the Republican tax law was overwhelmingly geared toward the wealthy and that a more direct role for the federal government is needed to help workers.
“Today, while the cost of health care, prescription drugs, gasoline and housing soar, the average worker, according to the Bureau of Labor Statistics, is now making slightly less than he or she made one year ago after adjusting for inflation,” Sen. Bernie Sanders (I-Vt.) said in an email to The Washington Post, arguing for a higher minimum wage and a single-payer health-care plan.

Can't you name the companies? You made the claim, now you are trying to qualify your claim and still no proof?

They aren’t fortune 500s. I showed you a list of what industries where this is true.

after inflation a lot of people are doing worse.

How about this. I know a bunch of people today make $50k. They work administrative jobs. Those jobs paid $50k in the 90s. So people are making less toda when you factor inflation.

So you have no names, no companies not giving raises for decades. Of course you know “a bunch of” people. I know “a bunch of” bunch of people as well and none of them have gone decades without a raise.
Let me know when you get proof of your claim.

 

[Papageorgio]

Wayfair to Pay All U.S. Employees a Minimum of $15 Per Hour

More than 40% of hourly employees to receive pay increase effective immediately Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced that all U.S. employees will now make at least $15 per hour. The increase took effect on January 3, 2021 and applies...

investor.wayfair.com

The Biden effect in action.

They sell overpriced crappy crap............I still wont be shopping there.

I never even heard of them

They are a company that little Tommy is proud of and he credits someone who had nothing to do with the raise. With little Tommy endorsing them the quality and work has to suck.

 

[Papageorgio]

Wales minimum wage is $8.91 per hour and a living wage is $12.09 per hour. Pretty pathetic for Tommy who criticizes our country.

 

[sealybobo]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

I wouldnt work for a place like that

Oh so you think it’s easy to find another company that pays better and will hire you? I don’t think most people in America have that luxury. I bet if most people lost their job tomorrow, they’d be unemployed for at least a couple few months and they’ll probably end up at another company making just about the same or less.

If only it were that easy to just go find another job that pays more. If it were that easy itd be great. Then I would agree with you.

I make almost $100k. It’s very possible if I lost my job I would not find another company that would pay me as well. I’d probably have to go prove I’m worth it and a lot of times companies don’t give you a raise even when you are worth it. I’ve seen my company let people go rather Than give a raise. I think most companies and employees know it’s the corporations who are in the drivers seat here.

It might be hard for you, but you cant speak for all of America.

One person can land the better job. Millions of others that need to work can not.

It would be nice to be able to tell my company if they don’t give me a raise I will go somewhere else and then be able to easily go somewhere else that pays more. If it were that easy we wouldn’t have such a struggling middle class.

This is why America was great when 35% of our workforce was unionized. If a non union company didn’t pay well people could go work for a union company.

And when unions collectively bargained and got raises, non union companies had to give raises for fear their good employees would leave or organize.

Now that unions barely exist, employers don’t have to give raises. Instead we have seen ceo pay skyrocket.

I'll let you in on a secret------------------if you want more money, you have to change jobs. Most companies will not pay old employees as much as new ones because the thinking is that most people don't like to move around---(change jobs and especially move to change jobs) so companies don't have to pay them more. They will only lose a few of their old employees so it is better for them to pay less. If you are willing to move though--then they can more easily justify paying more to attract TALENT especially if you time the moves when the economy is in a up cycle.

True. I was complaining to one employee that my raise was insulting and he said, “you make your deal on the way in”.

Honestly, I would have stayed even if they capped me at $50,000. That’s enough money for me and I’ve left good jobs before and it didn’t work out at the new company. But I didn’t let the new president know that. I told him the raises the old prez gave me we’re sort of insulting based on how much I’m making the company. One day he calls me in the office and not only raises my salary from $50k to $65k, he also gave me 1.5% commission on my sales. That’s an extra $30,000. So in one day I got basically a $45,000 raise. Best day of my life. Lol

 

[sealybobo]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

Do you have a list of companies that have not raised their wages for decades? I don't know of any, enlighten us all.

But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

For the biggest group of American workers, wages aren’t just flat. They’re falling.


For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America


The falling wages promise to exacerbate historic levels of U.S. inequality. Within the labor force, it means workers who were already making less are falling further behind. And if private laborers as a whole are seeing their earnings flatten while the economy as a whole grows at an annual rate of more than 2 percent, that means the gains are going almost exclusively to people already at the top of the economic ladder, economists say.
“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.”


But why is wage growth so tepid?
This problem is not new: Slow wage growth bedeviled the Obama administration, as well.


Weaker union rights for workers may also be cutting into their ability to force pay increases from their bosses, said Jared Bernstein, who served as an economic adviser to Vice President Joe Biden.
Trump officials pointed to what they called a strong growth in private business investment in the first quarter of 2018, after the tax law's passage, and expressed optimism that the law would translate into higher wages for workers in the near future. They also dismissed the allegation that the data disproved their claim that the tax law would raise the average worker's wage by $4,000.
“The law is just six months old,” said DJ Nordquist, chief of staff for Trump's Council of Economic Advisers, in an email. “Our estimates [of the tax law's benefits] were for 'steady state' — when the full effects of the law spread throughout the economy, which will take years, as we always said it would.”


But to Democrats, the tepid wage growth helps bolster their claim that the Republican tax law was overwhelmingly geared toward the wealthy and that a more direct role for the federal government is needed to help workers.
“Today, while the cost of health care, prescription drugs, gasoline and housing soar, the average worker, according to the Bureau of Labor Statistics, is now making slightly less than he or she made one year ago after adjusting for inflation,” Sen. Bernie Sanders (I-Vt.) said in an email to The Washington Post, arguing for a higher minimum wage and a single-payer health-care plan.

Can't you name the companies? You made the claim, now you are trying to qualify your claim and still no proof?

They aren’t fortune 500s. I showed you a list of what industries where this is true.

after inflation a lot of people are doing worse.

How about this. I know a bunch of people today make $50k. They work administrative jobs. Those jobs paid $50k in the 90s. So people are making less toda when you factor inflation.

So you have no names, no companies not giving raises for decades. Of course you know “a bunch of” people. I know “a bunch of” bunch of people as well and none of them have gone decades without a raise.
Let me know when you get proof of your claim.

No I don't have names of big companies who haven't given raises in decades. But have those raises kept up with inflation? And like I said, I work and have worked for companies who pay $50,000 a year and that's exactly what they were paying in the 1990's.

Because most everything we buy gets more expensive over time, we have to earn more money each year just to maintain our existing standard of living. When we’re not given raises that keep up with this rate of inflation, we’re effectively suffering a pay cut.

That’s why many American workers are actually poorer today than four decades ago. They may be earning more money. But, in real terms, they’re getting less for it. Measured in 2014 dollars, the median male full-time worker made $50,383 last year against $53,294 in 1973, according to new U.S. Census Bureau figures.

As we explored in our income inequality series recently, technology, globalization, and reduced union bargaining power are all factors behind stagnating wages. The economy has been getting bigger, driven by continuing increases in productivity. But, for one reason or another, workers haven’t been sharing in those gains. But they’re not just disappearing: They’re making a small group of people very, very rich. What are we going to do about that?

https://www.fastcompany.com/3051326/the-average-american-worker-earns-less-today-than-40-years-ago

 

[Wyatt earp]

Wayfair to Pay All U.S. Employees a Minimum of $15 Per Hour

More than 40% of hourly employees to receive pay increase effective immediately Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced that all U.S. employees will now make at least $15 per hour. The increase took effect on January 3, 2021 and applies...

investor.wayfair.com

The Biden effect in action.

They sell overpriced crappy crap............I still wont be shopping there.

I never even heard of them

They are a company that little Tommy is proud of and he credits someone who had nothing to do with the raise. With little Tommy endorsing them the quality and work has to suck.

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

Do you have a list of companies that have not raised their wages for decades? I don't know of any, enlighten us all.

But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

For the biggest group of American workers, wages aren’t just flat. They’re falling.


For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America


The falling wages promise to exacerbate historic levels of U.S. inequality. Within the labor force, it means workers who were already making less are falling further behind. And if private laborers as a whole are seeing their earnings flatten while the economy as a whole grows at an annual rate of more than 2 percent, that means the gains are going almost exclusively to people already at the top of the economic ladder, economists say.
“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.”


But why is wage growth so tepid?
This problem is not new: Slow wage growth bedeviled the Obama administration, as well.


Weaker union rights for workers may also be cutting into their ability to force pay increases from their bosses, said Jared Bernstein, who served as an economic adviser to Vice President Joe Biden.
Trump officials pointed to what they called a strong growth in private business investment in the first quarter of 2018, after the tax law's passage, and expressed optimism that the law would translate into higher wages for workers in the near future. They also dismissed the allegation that the data disproved their claim that the tax law would raise the average worker's wage by $4,000.
“The law is just six months old,” said DJ Nordquist, chief of staff for Trump's Council of Economic Advisers, in an email. “Our estimates [of the tax law's benefits] were for 'steady state' — when the full effects of the law spread throughout the economy, which will take years, as we always said it would.”


But to Democrats, the tepid wage growth helps bolster their claim that the Republican tax law was overwhelmingly geared toward the wealthy and that a more direct role for the federal government is needed to help workers.
“Today, while the cost of health care, prescription drugs, gasoline and housing soar, the average worker, according to the Bureau of Labor Statistics, is now making slightly less than he or she made one year ago after adjusting for inflation,” Sen. Bernie Sanders (I-Vt.) said in an email to The Washington Post, arguing for a higher minimum wage and a single-payer health-care plan.

Can't you name the companies? You made the claim, now you are trying to qualify your claim and still no proof?

They aren’t fortune 500s. I showed you a list of what industries where this is true.

after inflation a lot of people are doing worse.

How about this. I know a bunch of people today make $50k. They work administrative jobs. Those jobs paid $50k in the 90s. So people are making less toda when you factor inflation.

So you have no names, no companies not giving raises for decades. Of course you know “a bunch of” people. I know “a bunch of” bunch of people as well and none of them have gone decades without a raise.
Let me know when you get proof of your claim.

No I don't have names of big companies who haven't given raises in decades. But have those raises kept up with inflation? And like I said, I work and have worked for companies who pay $50,000 a year and that's exactly what they were paying in the 1990's.

Because most everything we buy gets more expensive over time, we have to earn more money each year just to maintain our existing standard of living. When we’re not given raises that keep up with this rate of inflation, we’re effectively suffering a pay cut.

That’s why many American workers are actually poorer today than four decades ago. They may be earning more money. But, in real terms, they’re getting less for it. Measured in 2014 dollars, the median male full-time worker made $50,383 last year against $53,294 in 1973, according to new U.S. Census Bureau figures.

As we explored in our income inequality series recently, technology, globalization, and reduced union bargaining power are all factors behind stagnating wages. The economy has been getting bigger, driven by continuing increases in productivity. But, for one reason or another, workers haven’t been sharing in those gains. But they’re not just disappearing: They’re making a small group of people very, very rich. What are we going to do about that?

https://www.fastcompany.com/3051326/the-average-american-worker-earns-less-today-than-40-years-ago

Their is alot of variables why:

More illegals, people vote for higher taxes..

 

[Papageorgio]

This is great. Goes to show that it can be done.

This is how it should be done. Not by government force.

Right but a lot of companies don’t give cost of living increases when they should. Decades could go by they won’t give raises except to the ceos

Do you have a list of companies that have not raised their wages for decades? I don't know of any, enlighten us all.

But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

For the biggest group of American workers, wages aren’t just flat. They’re falling.


For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America


The falling wages promise to exacerbate historic levels of U.S. inequality. Within the labor force, it means workers who were already making less are falling further behind. And if private laborers as a whole are seeing their earnings flatten while the economy as a whole grows at an annual rate of more than 2 percent, that means the gains are going almost exclusively to people already at the top of the economic ladder, economists say.
“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.”


But why is wage growth so tepid?
This problem is not new: Slow wage growth bedeviled the Obama administration, as well.


Weaker union rights for workers may also be cutting into their ability to force pay increases from their bosses, said Jared Bernstein, who served as an economic adviser to Vice President Joe Biden.
Trump officials pointed to what they called a strong growth in private business investment in the first quarter of 2018, after the tax law's passage, and expressed optimism that the law would translate into higher wages for workers in the near future. They also dismissed the allegation that the data disproved their claim that the tax law would raise the average worker's wage by $4,000.
“The law is just six months old,” said DJ Nordquist, chief of staff for Trump's Council of Economic Advisers, in an email. “Our estimates [of the tax law's benefits] were for 'steady state' — when the full effects of the law spread throughout the economy, which will take years, as we always said it would.”


But to Democrats, the tepid wage growth helps bolster their claim that the Republican tax law was overwhelmingly geared toward the wealthy and that a more direct role for the federal government is needed to help workers.
“Today, while the cost of health care, prescription drugs, gasoline and housing soar, the average worker, according to the Bureau of Labor Statistics, is now making slightly less than he or she made one year ago after adjusting for inflation,” Sen. Bernie Sanders (I-Vt.) said in an email to The Washington Post, arguing for a higher minimum wage and a single-payer health-care plan.

Can't you name the companies? You made the claim, now you are trying to qualify your claim and still no proof?

They aren’t fortune 500s. I showed you a list of what industries where this is true.

after inflation a lot of people are doing worse.

How about this. I know a bunch of people today make $50k. They work administrative jobs. Those jobs paid $50k in the 90s. So people are making less toda when you factor inflation.

So you have no names, no companies not giving raises for decades. Of course you know “a bunch of” people. I know “a bunch of” bunch of people as well and none of them have gone decades without a raise.
Let me know when you get proof of your claim.

No I don't have names of big companies who haven't given raises in decades. But have those raises kept up with inflation? And like I said, I work and have worked for companies who pay $50,000 a year and that's exactly what they were paying in the 1990's.

Because most everything we buy gets more expensive over time, we have to earn more money each year just to maintain our existing standard of living. When we’re not given raises that keep up with this rate of inflation, we’re effectively suffering a pay cut.

That’s why many American workers are actually poorer today than four decades ago. They may be earning more money. But, in real terms, they’re getting less for it. Measured in 2014 dollars, the median male full-time worker made $50,383 last year against $53,294 in 1973, according to new U.S. Census Bureau figures.

As we explored in our income inequality series recently, technology, globalization, and reduced union bargaining power are all factors behind stagnating wages. The economy has been getting bigger, driven by continuing increases in productivity. But, for one reason or another, workers haven’t been sharing in those gains. But they’re not just disappearing: They’re making a small group of people very, very rich. What are we going to do about that?

https://www.fastcompany.com/3051326/the-average-american-worker-earns-less-today-than-40-years-ago

Now you move the goalposts? You claimed that companies haven’t given out raises in decades, that was your statement, no qualifiers, and now you say you have no names. You are wrong, thanks for admitting it.

 

[Wyatt earp]

It's just silly to suggest people have not gotten a raise in 20 years

 

[sealybobo]

It's just silly to suggest people have not gotten a raise in 20 years

Do you know what inflation is? Our raises haven’t kept up with inflation. Meanwhile the CEO’s pay has quadrupled. He got a good raise. Your raise didn’t even keep up with inflation.

Raises wer not given out during the bush years and certa8nly weren’t given after his Great Recession. Remember? Slowest recovery ever? Not for the rich. They recovered nicely.

 

[sealybobo]

It's just silly to suggest people have not gotten a raise in 20 years

Whats the biggest raise you got?

 

[Wyatt earp]

It's just silly to suggest people have not gotten a raise in 20 years

Do you know what inflation is? Our raises haven’t kept up with inflation. Meanwhile the CEO’s pay has quadrupled. He got a good raise. Your raise didn’t even keep up with inflation.

Raises wer not given out during the bush years and certa8nly weren’t given after his Great Recession. Remember? Slowest recovery ever? Not for the rich. They recovered nicely.

Once again that's just silly of course people got raises, a bunch of people retired and the ones who took there place was paid accordingly to there skills

 

[Wyatt earp]

It's just silly to suggest people have not gotten a raise in 20 years

Whats the biggest raise you got?

I don't remember, $5 bucks an hour?