Tag

Wage Stagnation

All articles tagged with #wage stagnation

business1 month ago•2 min saved

CEO Pay Skyrockets in 2025 as Worker Wages Lag and Inequality Grows

A joint Oxfam-ITUC analysis finds CEO compensation rose 54% from 2019 to 2025 to an average of $8.4m in 2025, about 20x faster than worker pay, which real terms fell ~12% over the period; in the US the gap was even larger. The study covers 1,500 top firms across 33 countries, noting a 16% gender pay gap and that the top 10 CEOs earned more than $1bn combined in 2025. Billionaires reportedly earned $2,500 in dividends per second in 2025. The report calls for caps on CEO pay, fair wealth taxation, and minimum wages indexed to inflation to reverse the trend.

via The Guardian|

#business #ceo-compensation #ituc

businessemployment2 years ago•3 min saved

The diminishing allure of job hopping: The fading new-hire glow

The pay premium for new hires has significantly decreased in recent months, with year-over-year pay growth falling to just 2.9% in September, compared to a 10% jump earlier in the year. Lower quit rates, increasing labor supply, and falling worker demand are contributing factors to the slowing wage growth. Industries such as finance and technology have been hit particularly hard, with pay growth at a standstill or even decreasing. Jobseekers are experiencing lower salaries and fewer negotiation opportunities compared to the "golden age for jobseekers" in 2021 and early 2022. Employers are hesitant to give pay raises to new hires to avoid exacerbating pay equity issues and to retain existing employees. Instead, they are offering low-cost benefits to attract talent.

via CNBC|

#businessemployment #job-market #labor-supply

economics2 years ago•3 min saved

"The Inflation Victory Lap: Krugman's Claims and the Omitted Costs"

Economist Paul Krugman has declared victory over inflation, claiming that the "war on inflation is over" and that we won at "very little cost." However, critics argue that Krugman's calculations are flawed as he measures inflation using a narrow definition that excludes food, energy, shelter, and used cars. The Consumer Price Index (CPI), which includes these factors, was 3.7% in September, higher than forecasts. Additionally, wage stagnation and the perception of a struggling economy among average Americans suggest that the battle against inflation is far from over for many.

via Yahoo Finance|

#consumer-price-index #economics #economy

labor-rights2 years ago•5 min saved

"Automakers Prioritize Shareholders, Neglect Workers' Compensation"

Auto workers are preparing for a major strike over inadequate pay and job security, while the Big Three automakers (General Motors, Ford, and Stellantis) have authorized $5 billion in stock buybacks in the past year, benefiting shareholders instead of workers. The automakers have reported $21 billion in profits in the first half of 2023 but claim poverty when it comes to wage increases. The United Auto Workers (UAW) has proposed automatic payments to workers when buybacks or dividends are authorized, but the companies have responded with concessionary proposals. The rise in stock buybacks has been linked to the decline of organized labor, and experts argue that labor unions should focus on influencing resource allocation and corporate governance to address this issue.

via The Lever|

#auto-workers #big-three-automakers #labor-rights