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Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century.
The anemic gains have raised concerns about the durability of the economic recovery. The fear is that consumer spending, which accounts for 70 percent of economic activity, could falter if households don't have the income growth to support their spending.
...
The concern among economists is that the economic recovery that began in the summer could falter in coming months if consumer spending slows as households remain fearful about boosting spending in the face of such anemic wage growth.
Ohh I forgot about the minimum wage increase causing this meltdown.
Part of the cause would be the recession, of course. But with the uncertainty of the market going forward, and the administrations policies uncertainty. Businesses are holding off on hiring and wage adjustments. One thing businesses don't do well with is uncertainty, like with cap and tax, minimum wage increases, and healthcare.
Wages and benefits rise weak 1.5 percent in 2009 - Yahoo! Finance
Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century.
The anemic gains have raised concerns about the durability of the economic recovery. The fear is that consumer spending, which accounts for 70 percent of economic activity, could falter if households don't have the income growth to support their spending.
...
The concern among economists is that the economic recovery that began in the summer could falter in coming months if consumer spending slows as households remain fearful about boosting spending in the face of such anemic wage growth.
I can certainly vouch for this in my neck of the woods. What do you kind folks think about this?
My firm told everyone there would be no merit based pay raises or bonuses in 2009. The partners didn't take a salary and put that money in a pool. At the end of the year the firm had done well enough that they decided to use that pool of money to pay a small bonus to the employees.
This year merit based raises are back and the bonus pool will be fully funded.
So Meister-Poster at once concedes that business is better--enough to restore merit pay and bonuses--but that business-owners typically wouldn't do that, or forgo short-term income to keep the business open(?)!
So business really isn't on its face: Worth Supporting! These below are bad for business, posted by Meister above. My own counter-opine is in the Parentheses.
cap and trade (Air is bad for business? The Refundable Tax Credit goes to low-income filers)
taxing business and employees for obamacare (Health Care Is Bad for Everyone(?)!)
energy industry in limbo (Not so, say even the GOP Senate)
minimum wage (There has been no business for over 70 years because of Minimum Wage!?)
proposed Wallstreet regulations (The Regulatory Bail-Outs Actually Kept Wall Street Open!)
deficits rising (The Socialist Chinese are widely regarded: Good For U. S. business!)
Finally, celebrated Senator-Elect Scott Brown, at "Fantacize Along With FoxTV," will provide zero money to people who have no with a cut in the taxes they don't even owe!
Anti-Choice GOP is like that: Bad for business to boot!
"Crow, James Crow: Shaken, Not Stirred"
(And following last years celebrated remarks, what will Her Majesty's, Socialist PM, now be able to explain to the assembled former colonies, at Davos, this year? Last Year, clearly, the Socialists were clearly compelled to explain about credit, mortgages, and banking--to the fomer colonials. As opposed to the former colonials, The Socialists actually know about these subjects--and do them a whole lot better!)
Wages and benefits rise weak 1.5 percent in 2009 - Yahoo! Finance
Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century.
The anemic gains have raised concerns about the durability of the economic recovery. The fear is that consumer spending, which accounts for 70 percent of economic activity, could falter if households don't have the income growth to support their spending.
...
The concern among economists is that the economic recovery that began in the summer could falter in coming months if consumer spending slows as households remain fearful about boosting spending in the face of such anemic wage growth.
I can certainly vouch for this in my neck of the woods. What do you kind folks think about this?
