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View Full Version : For most, wages fall behind inflation

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AJ
08-29-2006, 08:39 AM
"Pay is low, productivity is high, there still aren't enough jobs, and wages are losing ground to prices. Happy Labor Day."


http://www.startribune.com/535/story/641624.html

Kinda foa good article to read. Lost of changes are happening within many industries and employers to cut costs and this goes over some of them. Insurance and overall beneifts are a big one. I know our work is changing benefits again, and one of the big ones is putting in higher rates for smokers and discounted rates for non smokers. The way I see it, I can't afford not to quit.
Hoffer00
08-29-2006, 09:52 AM
Just think of all the money you can put in to your ride when you quit.:D
Halon
08-29-2006, 09:54 AM
I'll be working Labor Day, as always!
Hoffer00
08-29-2006, 10:02 AM
I will be, too. But I will get 2.5x for 8 hours and 1.5x for anything over that. So that means if I work 8 hrs I get paid for 20 hrs.:cool:
Kracka
08-29-2006, 10:10 AM
I'll be drunk somewhere that day I'm sure :)
Hoffer00
08-29-2006, 10:22 AM
Thats ok I don't mind cause the day after Lador Day I will have the next 9 days of in a row.
Jana
08-29-2006, 11:02 AM
I've noticed that the lower paid people keep getting small (crappy) raises, like around2-3% tops, while the big dogs, who already make way too much keep getting larger raises (about 15%), larger bonuses, and more perks. It just doesn't seem right. I kind of hate the fact I see this now that I'm in payroll. :(
AJ
08-29-2006, 11:11 AM
If it makes you feel better, our last CEO was given a severance of over 2 millions when he left his position for another company. And then more bonus money for going periods of time not working for a competing company. This for a guy who left to go somehwere for MORE money.
Kracka
08-29-2006, 11:26 AM
I have access to all the payroll records for UHG. You should see what some of these guys are getting for their monthly bonuses alone! Not to mention what they are putting on their company credit cards...
SLOW_V
08-29-2006, 12:10 PM
I have access to all the payroll records for UHG. You should see what some of these guys are getting for their monthly bonuses alone! Not to mention what they are putting on their company credit cards...

Any exec pretty much have a blank check to do what ever they want. Heck, I would guess allot of it are country club dues and golfing events.