Wage Growth Slows Across the Country (axios.com)

An anonymous reader writes: Wages in the United States are going up, but their growth is shrinking, says Glassdoor chief economist Andrew Chamberlain. Wages should be rising an average of 3%-4% given the tightness of the job market, Chamberlain says. According to official data from the U.S. Bureau of Labor Statistics, wage growth was a lower 2.6% in February. Glassdoor data -- based on a survey of 100,000 salaries posted by the jobs site every month -- show even lower growth, shrinking to just 1% last month.

Comments

H1B Program a success

[Seven Spirals]

If wages are stagnating or dropping, then the H1B program is doing exactly what it was designed to: keep IT wages low. After all we can't expect our poor corporate overlords to simply pay us more because they have been reaping record profits. Everyone knows that the investor class and C-suite are the only ones that deserve any of the pie. If you want a raise, pull yourself up by your bootstraps and start your own multi-billion-dollar international corporation!

Take your lumps for Trump

[GameboyRMH]

Like the stock market losses due to recent attempts to initiate a trade war and the wealth transfers to the 1% through tax "reform," this downturn is just part of Making America Great Again, and you should accept your losses with pride for the glory of the Dear Leader. Things will get better...real soon...any day now...

Re:Take your lumps for Trump

[Anonymous Coward]

1) There's every indication that this is a huge stock market bubble, also the stock market isn't the economy.
2) Lowering taxes isn't always good; it's going to lead to cuts in services and a huge deficit (if you care about that sort of thing).
3) 5% wage growth in 2 years isn't good; if wages were growing at the nominal 3-4% each year, in two years they should have grown 6.09-8.16% due to compounding.

So, uh, yeah give him credit for doing things poorly and setting up a big stock market bubble? Sure.

Re:Take your lumps for Trump

[PopeRatzo]

Are you talking about the 40% increase in the stock market since he took office

The Dow was 19,826 on the day Donald Trump took office, and it's 24,005 as of a few minutes ago. Now math is not my best subject, but I'm not sure that's a 40% increase.

Oops, make that 23,963 as of 10:58am PST.

For the record, the economic growth during the Obama Administration was faster and steadier. He was the first president since before WWII to not take us into a recession at any point in his presidency.

Oops, make that 23,941 as of 11:01am PST.

Re: Take your lumps for Trump

[GameboyRMH]

Turning the economy around would mean tanking it. We can all be glad he hasn't done that.

Give the guy some time, he's showing a lot of "progress" on that front recently.

Where's all that tax cut money

[mark_reh]

that the rich are supposed to be using to pay Americans higher wages?

Re:Where's all that tax cut money

[Actually, I do RTFA]

Caymens, Switzerland, Panama, [offshore destination of choice]. Oh, and for some of them it's a down payment on a bigger yacht.

Re:Where's all that tax cut money

[omnichad]

Lots of companies gave one-time bonuses to employees, while themselves getting a year-after-year benefit. They probably see this as a bribe to employees to convince them that the tax cuts are what they want too.

Stop abandoning the working class

[rsilvergun]

Trump is a consequence of abandoning the working class. People like Hilary Clinton (and a lot of /.ers) tell guys in their 30s and 40s they need to retrain for skills they couldn't learn in their 20s with loans they can't afford and no money coming in to support themselves let alone the families they had before their jobs were automated/outsourced/replaced with an H1-B.

I've noticed a trend where everybody's in support of the government stepping in to help out until it's somebody else. Then it becomes teh Socialisms. This needs to stop. The working class needs solidarity. We need to stop pretending we can make it on our own and that there's no class warfare going on. We're getting picked apart here. Fighting among ourselves for scraps while the ruling class laughs in our face.

Policy wise this means:

• Medicare for all
• End the wars
• New New Deal
• Fix our infrastructure
• College for everyone

Nobody left behind. Everyone gets cared for and we stop complaining about having to pay for the occasional lazy surfer dude who doesn't work much or at all.