American workers are demanding almost $80,000 a year to take a new job

[Ralph Norton]

The only way the economy will ever balance out is if the wealthiest are forced to accept much less profit.

Good luck with that.

 

[DigitalDrifter]

Labor participation rate is low for some reason, cannot be because jobs aren't available because they are. To me $25/hour and benefits no degree required is a decent job so I wonder why these go unfilled. That's not cheap labor.

Those people are getting an income from somewhere, or they would be back in the workforce. I'm betting a substantial # are getting an income source from the government.

 

[Dadoalex]

Keep it up, pretty soon the average rent will exceed $3000.00 a month.

• The amount of money most workers want now to accept a job reached a record high this year.
• Employers have been trying to keep pace with the wage demands, pushing the average full-time offer up to $69,475, a 14% surge in the past year.
• The numbers are significant in that wages increasingly have been recognized as a driving force in inflation.

MSN

Yeah, that free market supply and demand crap is a bitch ain't it?
Well, it's a bitch when it goes the other way.

How long has the Right opposed minimum wage increases on the basis of supply and demand?
Now with a tight labor market they're whining about not having salary caps because supply and demand is going against them.

Don't ya just love irony?

BTW...You can have me for $160k and up depending on the perks.

 

[Dadoalex]

Ok guys, you can thank yourselves when inflation takes all your earnings. Have at it, idiots.

Hang on...why is it the workers who should settle for less?
Why can't ownership settle for less?
It is, after all, ownership that sets the inflationary pricing.

 

[Dadoalex]

I had a recent candidate, just out of college with no professional experience, demand an additional $26K over the verbal offer he accepted + a $10K sign-on bonus ...

I told him to play hide and go fuck yourself.

You get what you pay for.

The fast food industry is a prime example. In this tight labor market and because of the low pay and abusive nature of the work the FF industry is forced even further to the bottom of the barrel. The result?
A power bowl from taco bell slapped onto a piece of paper and covered with another piece of paper.
A BK whopper without the meat.

You can hire someone at your price but you will get what you pay for and in APP DEV, that is penny wise and pound foolish.

 

[jotathought]

You get what you pay for.

The fast food industry is a prime example. In this tight labor market and because of the low pay and abusive nature of the work the FF industry is forced even further to the bottom of the barrel. The result?
A power bowl from taco bell slapped onto a piece of paper and covered with another piece of paper.
A BK whopper without the meat.

You can hire someone at your price but you will get what you pay for and in APP DEV, that is penny wise and pound foolish.

I would disagree with this mentality .. you hire junior resources not only to deliver work .. but also to provide opportunities for coaching and career development to set them up for future success. Even in the fast food industry, opportunities to identify leadership skills can be leverage to setup minimum wage workers for advancement.

You only get what you pay for if you don't invest in the employees opportunities.

 

[Richard-H]

Good luck with that.

The tax rates during the Eisenhower administration were as high as 90%. We had a booming economy during those years. Huge wages and salary increases were common. Unions were strong. The difference in net income was minimal.

Higher tax rates meant that the wealthiest people preferred reinvesting over profit taking. Everyone benefited.

 

[Tommy Tainant]

Keep it up, pretty soon the average rent will exceed $3000.00 a month.

• The amount of money most workers want now to accept a job reached a record high this year.
• Employers have been trying to keep pace with the wage demands, pushing the average full-time offer up to $69,475, a 14% surge in the past year.
• The numbers are significant in that wages increasingly have been recognized as a driving force in inflation.

MSN

Wages should be higher. profits should be lower. Thats a better society.

 

[Dadoalex]

I would disagree with this mentality .. you hire junior resources not only to deliver work .. but also to provide opportunities for coaching and career development to set them up for future success. Even in the fast food industry, opportunities to identify leadership skills can be leverage to setup minimum wage workers for advancement.

You only get what you pay for if you don't invest in the employees opportunities.

You get what you pay for.
The upward mobility at BK is...limited.
Head fry cook? Top Burger flipper?
They pay the lowest wages they can and, in return, they get the lowest ability worker.

Why would BK train a burger flipper in accounting? Computer repair?

The average turnover rate in the FF industry is 150%...Why train someone who will take the training and go elsewhere for more money.

You have it backwards.
You don't hire at the bottom and hope it works out. Whether the FF industry or programming you get what you pay for.

 

[jotathought]

You get what you pay for.
The upward mobility at BK is...limited.
Head fry cook? Top Burger flipper?
They pay the lowest wages they can and, in return, they get the lowest ability worker.

Why would BK train a burger flipper in accounting? Computer repair?

The average turnover rate in the FF industry is 150%...Why train someone who will take the training and go elsewhere for more money.

You have it backwards.
You don't hire at the bottom and hope it works out. Whether the FF industry or programming you get what you pay for.

Why would stay as a "top burger flipper" if you can take those skills and advance your career?

 

[jbrownson0831]

Those people are getting an income from somewhere, or they would be back in the workforce. I'm betting a substantial # are getting an income source from the government.

Exactly....or living in mom and dad's basement waiting for their 80k job.

 

[jbrownson0831]

Wages should be higher. profits should be lower. Thats a better society.

Hmmm lets see.....in grade school we leaarned that higher wages and lower profits meant fewer companies around to offer any jobs at all.
What did they teach you in the Queen's school Commie?

 

[iamwhatiseem]

You mean, people that already have a decent job, and happy where they are, demand $80,000 dollars to be coaxed to leave and take a new position with a new company that is trying to lure them to change jobs? I see no problem with that.

If they want cheaper labor, they should look to those that are unemployed.

Strawman much?
This is about Millenials and GenZs expecting and even demanding anywhere from $15/hr - $30/hr for ground level labor including restaurant and retail. And of course, totally free full bene's to go with it.
This would increase inflation to a point of madness. To which, they would then need to make $50 an hour.

 

[Ralph Norton]

The tax rates during the Eisenhower administration were as high as 90%. We had a booming economy during those years. Huge wages and salary increases were common. Unions were strong. The difference in net income was minimal.

Higher tax rates meant that the wealthiest people preferred reinvesting over profit taking. Everyone benefited.

You need to check your sources:
During Eisenhower's presidency, the corporate tax rate ranged from 30 to 52%, according to the Tax Foundation's historical data on U.S. federal corporate income taxes.

 

[Dadoalex]

Why would stay as a "top burger flipper" if you can take those skills and advance your career?

Why would BK advance the skills of a burger flipper when he'll take those skills and advance his career?

 

[jbrownson0831]

Strawman much?
This is about Millenials and GenZs expecting and even demanding anywhere from $15/hr - $30/hr for ground level labor including restaurant and retail. And of course, totally free full bene's to go with it.
This would increase inflation to a point of madness. To which, they would then need to make $50 an hour.

Yep, not people looking to move from the job they have.

 

[jotathought]

Why would BK advance the skills of a burger flipper when he'll take those skills and advance his career?

You're missing the point .. skills translate into other opportunities outside of BK .. what dumb fuck would rely on an entry level job to support themselves and family. These jobs were built for high school students and college students to put extra $$ in their pockets.

 

[Richard-H]

You need to check your sources:
During Eisenhower's presidency, the corporate tax rate ranged from 30 to 52%, according to the Tax Foundation's historical data on U.S. federal corporate income taxes.

I was referring to personal income tax, not corporate taxes. When there's a lower corporate tax rate than personal income tax, it creates incentive for reinvestment.

PolitiFact - Income tax rates were 90 percent under Eisenhower, Sanders says

U.S. Sen. Bernie Sanders, I-Vt., wouldn’t reveal just how high he’d raise income taxes on the rich during the Iowa presi

www.politifact.com

 

[White 6]

Strawman much?
This is about Millenials and GenZs expecting and even demanding anywhere from $15/hr - $30/hr for ground level labor including restaurant and retail. And of course, totally free full bene's to go with it.
This would increase inflation to a point of madness. To which, they would then need to make $50 an hour.

No. It's not. $15-$30 is not an $80,000/year gig. The article is plain if you read all of it.

 

[Dadoalex]

You're missing the point .. skills translate into other opportunities outside of BK .. what dumb fuck would rely on an entry level job to support themselves and family. These jobs were built for high school students and college students to put extra $$ in their pockets.

Ah...Life in the 90s.

But when factories closed and layoffs ensued in the 2000s many people were forced into the fast food industry.

But you missed the point.

The paradigm applies to all jobs in all industries.

It applies to the car you buy, the house, the TV, the PROGRAMMER YOU HIRE.

You get what you pay for.

And people who say that rising wages, brought on by demand for workers ignore the simple fact that the employer sets both the wages and the prices. By saying supply and demand works for employers but not for employees those people are being highly hypocritical.