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Growth In Wages

One of the guys posted this on the MWC site. My boss who works in HR is familiar with Glassdoor. Sounds positive for folks on the lower job skill ladder.

""Labor shortages are raising wages in a variety of blue-collar jobs, says Glassdoor, a recruitment and wage-tracking company.

“With the economy running hot, we’re finally starting to see pay raises for many of America’s lowest-paying jobs,” said a July 2 statement from the firm:

According to data from Glassdoor, jobs with the fastest pay growth in June included e-commerce roles such as warehouse associate (up 6.8 percent to $43,961 per year), material handler (5.1 percent to $36,179 per year) and truck driver (up 7.3 percent to $54,659 per year), as well as several lower-paying jobs including retail key holder (4.9 percent to $29,746 per year), security officer (4.7 percent to $35,554 per year) and bank teller (8.1 percent to $31,108 per year).

Four million Americans turn 18 each year and begin looking for good jobs in the free market — but the government provides green cards to roughly 1 million legal immigrants and temporary work-permits to roughly 3 million foreign workers.

The Washington-imposed economic policy of economic growth via mass-immigration shifts wealth from young people towards older people by flooding the market with foreign labor. That process spikes profits and Wall Street values by cutting salaries for manual and skilled labor offered by blue-collar and white-collar employees. The policy also drives up real estate prices, widens wealth-gaps, reduces high-tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high-tech careers, and sidelines at least 5 million marginalized Americans and their families, including many who are now struggling with opioid addictions.

President Donald Trump’s campaign to limit legal and illegal immigration is nudging up wages and salaries for Americans in various locations and careers around the country. The beneficiaries include new employees, African-American bakers in Chicago, Latino restaurant workers in Monterey, Calif., disabled people nationwide, high schoolers, resort workers in Hilton Head, construction workers, Superbowl workers, the garment industry, and workers at small businesses, and even Warren Buffett’s railroad workers.""

Definitely having an impact. As a CFO/COO of a fulfillment, warehouse and logistics firm we have been increasing wages. Our motto is if the company succeeds so do everyone involved. Just approved a 4% of salary profit sharing contribution for everyone for 2017.

"Marines Can Pocket Up to $90K in New Re-Up Bonuses"

"When combined with the traditional SRBs offered annually, Marines serving in intelligence, recruiting, aircraft maintenance and dozens of other military occupational specialties could be eligible to pocket up to $90,000 in bonus cash, according to Marine administrative message 370/18."

Increasing wages are fine as long as nobody laments about the increase in purchase price of goods...

Mint - too bad everyone doesn't share that same philosophy...

HA/KS...I'm buds with the local Command Master Chief at the CG air station. He was telling last time we had lunch that alot of the young folks on the hanger deck are leaving the service. We had the a similar situation in the mid-late 1990's going into 2000's. A good economy pulls folks out of the military and a bad economy keeps them in.

I remember back in the '80s, as a Marine Sergeant (E5) I made more than my sister who had a Masters Degree in English and was teaching High School.

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We don't pay teachers enough.

We need to move a lot of freeloaders from the ranks of government teat to the ranks of the employed.

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