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(CNN)   Survey finds that employers are planning on raising wages 2.9% next year. It looks like you can go ahead and order that new coffee mug you've had your eye on   (money.cnn.com) divider line 52
    More: Spiffy, incomes policy, strengthening  
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544 clicks; posted to Business » on 18 Jul 2013 at 10:40 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-07-18 10:42:35 AM  
Surprise, surprise... after YEARS of productivity growth and no real increase in WAGE, they finally realized that to get and KEEP the people they NEED to have business running smoothly requires paying their people better than the least they can bare.
 
2013-07-18 10:43:50 AM  
Inflation in 2013 should come in right around 2% (as long as you don't count food or fuel). But hey at least this year people will break even instead of losing money.
 
2013-07-18 10:46:48 AM  
It's July.  Wait until November, when the bad numbers come in.
 
2013-07-18 10:48:12 AM  
I always new this capitalism thing would be ok in the end!
 
2013-07-18 10:51:26 AM  
Meanwhile:

The 200 highest paid CEOs at US public companies with revenue above $1 billion received a median compensation package of $15.1 million in 2012, 16 percent higher than the previous year, according to a report published Sunday by theNew York Times.

Wonder what it'll be in 2013? A mere 15%? 12%? Maybe 20%?

F*ck em.
 
2013-07-18 10:53:10 AM  
Thanks, President Romney!

/oh wait....
 
2013-07-18 11:00:07 AM  
It's also worth noting that the survey counted executive and management, so the numbers are useless.
 
2013-07-18 11:01:36 AM  
If I stay at this job my raise will be around 4-4.5%  If I change jobs I'm almost certain to get 25-50% more money.  The problem is finding a firm that has any work.
 
2013-07-18 11:11:23 AM  
No salary cut? This is only a good thing.
 
2013-07-18 11:19:27 AM  
Oooo, less than 3%!  Or in other words, less than 1% after inflation!  Be still my heart...

I wonder how many percentage points the cost of necessary goods will go up in the meantime...
 
2013-07-18 11:23:43 AM  
Red swingline, here I come
 
2013-07-18 11:34:03 AM  

ko_kyi: Red swingline, here I come


"Ummm, ko_kyi?  Yeaaahh. We're gonna need your space for some new interns, so if you could just move your desk down to Storage Room B, that'd be greaaaaat, m'K?  Thannnnnks."
 
2013-07-18 11:39:05 AM  
Why would we need two cups?

images3.wikia.nocookie.net
 
2013-07-18 11:41:44 AM  
And how much are they going to raise quarterly dividends by? And how many shares of their stock are they going to buy back?

But yeah that 2.9% is just killing our economy.
 
2013-07-18 11:44:13 AM  
While a vast improvement from 2009, when raises averaged 2.1%, the expected pay increases are still a far cry from mid-2000 levels when they averaged around 3.5%...

Translation: It's been going up every year, but we needed a reason to biatch. Thanks for your page views...
 
2013-07-18 11:44:19 AM  
24.media.tumblr.com

Two dollars Seventy Nine
 
2013-07-18 11:45:27 AM  
bunch of people at my job received raises this week of about 4-5%...in an effort to get our full-time state employees at or above the poverty line.

I know people get upset at gov't workers getting raises or having excessive salaries, but to have full-time employees making less than poverty should be a wake-up call to the voters.  If the state cannot give its own employees a decent wage while the higher ups are voting themselves raises, then they need to be voted out of office.
 
2013-07-18 12:07:58 PM  
But what about my hot cocoa sampler set? Is that safe?
 
2013-07-18 12:14:11 PM  

NostroZ: Surprise, surprise... after YEARS of productivity growth and no real increase in WAGE


Don't count on it, the article said the pay increase will be ON AVERAGE 2.9%.  CEO's will give them selves 20,000,000% raises that come to 2.9% raises when averaged across the entire work force.
 
2013-07-18 12:14:31 PM  

Hyjamon: bunch of people at my job received raises this week of about 4-5%...in an effort to get our full-time state employees at or above the poverty line.

I know people get upset at gov't workers getting raises or having excessive salaries, but to have full-time employees making less than poverty should be a wake-up call to the voters.  If the state cannot give its own employees a decent wage while the higher ups are voting themselves raises, then they need to be voted out of office.


No, they need to be taken out and hung.  Only by removing the evil elements from government do we have a chance of fixing things without spilling the blood of millions
 
2013-07-18 12:15:30 PM  
Average...

/makes jerkoff motion
 
2013-07-18 12:23:39 PM  
Bad job market = Wage freeze.  Rebounding job market = Wage increase.  Sucks for us working stiffs, but I can't exactly blame the companies for doing it...just don't be offended when people take their work ethic elsewhere.
 
2013-07-18 12:43:12 PM  

Muta: NostroZ: Surprise, surprise... after YEARS of productivity growth and no real increase in WAGE

Don't count on it, the article said the pay increase will be ON AVERAGE 2.9%.  CEO's will give them selves 20,000,000% raises that come to 2.9% raises when averaged across the entire work force.


Capitalism, the system where the job maker will sell the gun that will be used to rob him the next day...
 
2013-07-18 01:03:06 PM  

Smeggy Smurf: Hyjamon: bunch of people at my job received raises this week of about 4-5%...in an effort to get our full-time state employees at or above the poverty line.

I know people get upset at gov't workers getting raises or having excessive salaries, but to have full-time employees making less than poverty should be a wake-up call to the voters.  If the state cannot give its own employees a decent wage while the higher ups are voting themselves raises, then they need to be voted out of office.

No, they need to be taken out and hung.  Only by removing the evil elements from government do we have a chance of fixing things without spilling the blood of millions


But goverrnment itself is inherently evil.  Or so I'm told.
 
2013-07-18 01:07:52 PM  
That's funny i got no raise last year, and there's a freeze on salaries this year as well.  And my company decided they no longer wanted to cover home internet for telecommuters, even though that was part of the compensation package when we hired on.   So that's another 600 dollar pay-cut per year.

Oh well, I don't expect them to keep most of the people in my department past January anyways.
 
2013-07-18 01:42:18 PM  
Not had a raise in three years..... I'll be shocked if I get one this year too.
 
2013-07-18 02:09:10 PM  
3% is what our company did last year, and I'm sure it will be 3% this year.  It's ok, though, because I learned from our HR department that people value verbal praise and coworker recognition as high or more than any monetary compensation.
 
2013-07-18 02:19:48 PM  

Soup4Bonnie: 3% is what our company did last year, and I'm sure it will be 3% this year.  It's ok, though, because I learned from our HR department that people value verbal praise and coworker recognition as high or more than any monetary compensation.


My boss last week, "Did you get a recognition card last week from the manager I loaned you out to?" Me, "No, just trying to help when no one else is able to get it done" while thinking "what good is a card when you will forget about it around my merit increase or bonus time?"
 
2013-07-18 02:25:34 PM  
What's a good place to find those anonymous email addresses? I need to send a copy of this to my company's CEO.
 
2013-07-18 02:35:08 PM  
Automation and outsourcing is making American less and less competitive.  There is no reason to expect wages in the US to ever recover to their relative highs.  Globalization will bring the poor countries up and the rich countries down, and automation will require us to completely redesign society.

An ideal solution would be to institute some sort of guaranteed minimum income.  It doesn't make sense for companies to employ people who can be replaced for far cheaper, but at the same time it is an impossible situation if the corporations receive 95% of the benefits of automation and outsourcing.

We should have understood and embraced these realities.  Instead we borrowed money to prop up our standard of living for the past thirty years, and we are about to experience the consequences.
 
2013-07-18 03:06:54 PM  

MattStafford: An ideal solution would be to institute some sort of guaranteed minimum income.  It doesn't make sense for companies to employ people who can be replaced for far cheaper, but at the same time it is an impossible situation if the corporations receive 95% of the benefits of automation and outsourcing.


THAT'S SHOSHALIZM!!!!

I totally agree with you. people running large public businesses do not deserve huge sums of money for what they do. ideally there should be a worldwide cap on executive pay

i have no idea what the real solution is, though. There's a very fine line between incentives and greed.
 
2013-07-18 04:10:38 PM  

bdub77: MattStafford: An ideal solution would be to institute some sort of guaranteed minimum income.  It doesn't make sense for companies to employ people who can be replaced for far cheaper, but at the same time it is an impossible situation if the corporations receive 95% of the benefits of automation and outsourcing.

THAT'S SHOSHALIZM!!!!

I totally agree with you. people running large public businesses do not deserve huge sums of money for what they do. ideally there should be a worldwide cap on executive pay

i have no idea what the real solution is, though. There's a very fine line between incentives and greed.


I'd like to see a cap on executive pay that is based on a ratio of company size and the minimum any of your employees makes averaged over the year
 
2013-07-18 04:24:13 PM  

FarkedOver: I always new this capitalism thing would be ok in the end!


Yes, but I love your alternative solution.  It really is a good plan.
 
2013-07-18 04:25:48 PM  

bdub77: MattStafford: An ideal solution would be to institute some sort of guaranteed minimum income.  It doesn't make sense for companies to employ people who can be replaced for far cheaper, but at the same time it is an impossible situation if the corporations receive 95% of the benefits of automation and outsourcing.

THAT'S SHOSHALIZM!!!!

I totally agree with you. people running large public businesses do not deserve huge sums of money for what they do. ideally there should be a worldwide cap on executive pay

i have no idea what the real solution is, though. There's a very fine line between incentives and greed.


Well, at least you acknowledge that your "solution" isn't real.
 
2013-07-18 04:28:47 PM  

Girion47: bdub77: MattStafford: An ideal solution would be to institute some sort of guaranteed minimum income.  It doesn't make sense for companies to employ people who can be replaced for far cheaper, but at the same time it is an impossible situation if the corporations receive 95% of the benefits of automation and outsourcing.

THAT'S SHOSHALIZM!!!!

I totally agree with you. people running large public businesses do not deserve huge sums of money for what they do. ideally there should be a worldwide cap on executive pay

i have no idea what the real solution is, though. There's a very fine line between incentives and greed.

I'd like to see a cap on executive pay that is based on a ratio of company size and the minimum any of your employees makes averaged over the year


Size?  In terms of what?  Revenue?  Sales?  Stock price?  Number of employees?

Divided by the minimum any of the employees makes?  You do understand that your divisor only encourages the CEO to reduce somebody's pay to near zero, right?

You didn't think this one all the way through, did you?
 
2013-07-18 04:31:01 PM  

MattStafford: Automation and outsourcing is making American less and less competitive...


*sigh*   Well, at least you showed your hand right out of the chute and didn't waste anymore of our time.
 
2013-07-18 04:34:44 PM  

Magnus: Size? In terms of what? Revenue? Sales? Stock price? Number of employees?

Divided by the minimum any of the employees makes? You do understand that your divisor only encourages the CEO to reduce somebody's pay to near zero, right?

You didn't think this one all the way through, did you?


Here's an idea:
The lowest paid employee of any company is allowed to kill the CEO whenever he or she wants, for any reason, and suffer no consequences.
 
2013-07-18 05:39:26 PM  

Magnus: Yes, but I love your alternative solution. It really is a good plan.


Magnus: Well, at least you acknowledge that your "solution" isn't real.


Magnus: You didn't think this one all the way through, did you?


Magnus: *sigh* Well, at least you showed your hand right out of the chute and didn't waste anymore of our time.


I'm glad we found someone that has plenty of time to come in and shiat on everyone without really adding to the thread.

What company are you a CEO for?
 
2013-07-18 05:53:55 PM  
 
2013-07-18 06:07:03 PM  

Magnus: Girion47: bdub77: MattStafford: An ideal solution would be to institute some sort of guaranteed minimum income.  It doesn't make sense for companies to employ people who can be replaced for far cheaper, but at the same time it is an impossible situation if the corporations receive 95% of the benefits of automation and outsourcing.

THAT'S SHOSHALIZM!!!!

I totally agree with you. people running large public businesses do not deserve huge sums of money for what they do. ideally there should be a worldwide cap on executive pay

i have no idea what the real solution is, though. There's a very fine line between incentives and greed.

I'd like to see a cap on executive pay that is based on a ratio of company size and the minimum any of your employees makes averaged over the year

Size?  In terms of what?  Revenue?  Sales?  Stock price?  Number of employees?

Divided by the minimum any of the employees makes?  You do understand that your divisor only encourages the CEO to reduce somebody's pay to near zero, right?

You didn't think this one all the way through, did you?


You miss understand, I mean by size of company measured by employees.  Your top earner's limit is a multiple of the bottom earner's yearly average.

so say you have 10 employees, you cannot make more than 5 times your lowest paid person.   If you have 1000 employees, you can't make more than 100 times what the lowest wage person is.


So there's an incentive to pay your lowest level employees more, OR hire more people, either way it's better for the economy.
 
2013-07-18 06:17:37 PM  

Soup4Bonnie: I learned from our HR department


No one ever learned anything from any HR department except what a total and complete waste of time they are.  Yeah, I know that includes your point, I just wanted to emphasize it.
 
2013-07-18 06:22:46 PM  

Carth: Inflation in 2013 should come in right around 2% (as long as you don't count food or fuel). But hey at least this year people will break even instead of losing money.


And hey, who needs food or fuel, right?
 
2013-07-18 06:27:59 PM  

HotIgneous Intruder: And hey, who needs food or fuel, right?


McDonald's doesn't think so.
 
2013-07-18 07:22:40 PM  
Does this mean I can look forward to my hot cocoa sampler at Christmas too?
 
2013-07-18 10:57:37 PM  
$22? Maybe next year, subby.

rlv.zcache.com
 
2013-07-19 01:37:43 AM  

Magnus: FarkedOver: I always new this capitalism thing would be ok in the end!

Yes, but I love your alternative solution.  It really is a good plan.


What's your solution Marcus?
 
2013-07-19 01:38:33 AM  

kg2095: Magnus: FarkedOver: I always new this capitalism thing would be ok in the end!

Yes, but I love your alternative solution.  It really is a good plan.

What's your solution Marcus?


So sorry. That should be Magnus.
 
2013-07-19 02:02:10 AM  

MattStafford: Automation and outsourcing is making American less and less competitive.  There is no reason to expect wages in the US to ever recover to their relative highs.  Globalization will bring the poor countries up and the rich countries down, and automation will require us to completely redesign society.

An ideal solution would be to institute some sort of guaranteed minimum income.  It doesn't make sense for companies to employ people who can be replaced for far cheaper, but at the same time it is an impossible situation if the corporations receive 95% of the benefits of automation and outsourcing.

We should have understood and embraced these realities.  Instead we borrowed money to prop up our standard of living for the past thirty years, and we are about to experience the consequences.


I can't tell if this post is a troll attempt, utter stupidity, or an insight into how some people actually think. Frankly, even with all that's going on in the world right now, this post is one of the scariest things I've read all week.


*Shutter*
 
2013-07-19 03:19:55 AM  
There are, I guess six? (I got sick of counting) posts in this thread I would like to respond to but I'll be brief instead: the idea that the ludicrous disparity in wealth, and the notion that shifting more work onto less people for lower salaries and wages while increasing profits to dizzying highs is unsustainable.

Temper yo
 
2013-07-19 03:24:12 AM  
ur greed you money loving sub-humans.

Resources are dwindling and when you don't let the proletariat have subsistance level access to them while you gorge greedily, well bad things happen. Won't be the first time. History repeats itself.

/fark you apologist 'business people', the system is farked and getting worse every day. More and more the word sociopath is being bandied about, ever wonder why?
//posting from mobile, sorry about split post
 
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