Economic policymakers and business leaders are very concerned about wage inflation. Average workers, not so much. Indeed, growth in real monthly wages around the world – which reflects the purchasing power of wages once cost-of-living inflation is taken into account – actually fell to -0.9% in the first half of 2022. This is the first …
‘Wage inflation? What wage inflation? ask the workers Read More »
UIWANG, South Korea, Dec 5 (Reuters) – Inside five white tents outside the Uiwang container depot near Seoul, about 200 striking truckers huddle around gas heaters, trying to fight against the freezing cold and the government’s talk that they are well paid “labour aristocracy.” They are only too aware of the impact their strike has …
‘We are not your enemy,’ say South Korean truckers striking for minimum wage protection Read More »
TOPEKA — Seven of 10 classes of Kansas government employees were paid below mid-market rates based on a new survey examining salaries of comparable employers in the state and government employers across the country. state in Nebraska, Oklahoma, Missouri and elsewhere. The Kansas Department of Administration report identified wage shortfalls of 32% for paralegals, 22% …
CALGARY — Paychecks for workers in the province that once led the nation in wage growth have stagnated, but experts say the double whammy of inflation and labor shortages means that Alberta businesses are about to have to rely on wages soon. For years, Alberta workers have been the highest paid in the country thanks …
Alberta’s famous ‘wage premium’ is eroding fast, experts say Read More »
Employers should stop giving pay rises to their staff, a member of the Federal Reserve Board has said, in an effort to help reduce inflation. Christopher Waller, one of six members of the Fed’s board of directors, gave a speech in Phoenix, Ariz., urging bosses to consider inflation when reviewing their workforce. He pointed out …
Fed asks employers to stop granting wage increases to lower inflation Read More »
Inflation eased in October, but remained well ahead of year-over-year wage increases for most workers. Many Americans expected inflation to cool sooner and faster than it did. This miscalculation is one of the factors that play against them during salary negotiations. Loading Something is loading. Thank you for your registration! Access your favorite topics in …
Everyone got inflation wrong, and it’s costing workers money in wage negotiations Read More »
