For most, wages fall behind inflation

AJ · 08-29-2006

"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

Just think of all the money you can put in to your ride when you quit.

**Halon** · 08-29-2006

I'll be working Labor Day, as always!

Hoffer00 · 08-29-2006

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.

**Kracka** · 08-29-2006

I'll be drunk somewhere that day I'm sure

Hoffer00 · 08-29-2006

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

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

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

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

Quote:

Originally Posted by S2kracka

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.

SLOW_V · 08-29-2006

It's really depressing to work a position in which you can see everyone's wages. Go figure you are at the bottom on that list.

**Kracka** · 08-29-2006

Quote:

Originally Posted by SLOW_V

It's really depressing to work a position in which you can see everyone's wages. Go figure you are at the bottom on that list.

I really don't find it depressing, I view it as a goal to work towards. Despite what a lot of people think, the majority of those executives have worked very hard to get to where they are at and have made a beneficial impact on the company. Do they deserve their compensation? A lot of stockholders seem to think so.

**Halon** · 08-29-2006

As long as I'm getting paid what I feel is fair, then I really don't care how much the CEO is making.

Hoffer00 · 08-29-2006

What company is that.

SLOW_V · 08-29-2006

Quote:

Originally Posted by S2kracka

I really don't find it depressing, I view it as a goal to work towards. Despite what a lot of people think, the majority of those executives have worked very hard to get to where they are at and have made a beneficial impact on the company. Do they deserve their compensation? A lot of stockholders seem to think so.

To make X salaries are goals but to achieve them. You will need to network and do allot of butt kissing.

Pimpin Dsmstyle · 08-29-2006

I work for an ESOP company

Sure you start out shitty, but the better you do, the longer you stay.. the more money you get in the end! I think ESOP is the best way to run a company. That way, when people realize that if they break this or that, or steal that.. or sit around and do nothing; they are just hurting themselves in the end. I'm hoping for a respectable raise at my yearly review. A dollar or more would be nice..