Search This Blog

Thursday, April 22, 2021

One More Time

"I don't know why Beagles thinks that wages are growing more than a few percentage points while the moneybags of the very very rich are soaring higher than the high sierras. 

This was my initial disagreement with Beagles, and I still see nothing that says otherwise." - Uncle Ken  

Uncle Ken would already know this if he had read the article but, since he didn't, here it is:

"Higher wages have led to historic levels of pay compression

The most basic and intuitive way to solve labor shortages is to raise wages. And indeed, in our Labor Shortages Solutions Survey, this was the most used solution for both recruitment and retention challenges. Given the variation of tightness across occupations, it is not surprising that most of the wage acceleration is occurring in blue-collar and manual services jobs, where wage growth is already above prerecession rates. Wage growth for management and professional workers, which includes close to 40 percent of the workforce and most of total compensation, is accelerating more moderately, which is one reason why, despite the historically tight labor market, overall wage growth is still well below prerecession rates."

"I never said anything about women.  And I see nothing to disabuse me of my findings in the google search is black unemployment growing." - Uncle Ken

Again, I was talking about employment, not unemployment.  It occurred to me later that today's employed people might be tomorrow's unemployed people and vice versa.  If the percentage of unemployed Blacks is increasing, it might be because the percentage of employed Blacks has already increased.  A person can't lose his job if he never had one. The article didn't talk specifically about Blacks, but I assume they are included in the category of "women and minorities".

I don't know enough about either art or literature to be considered an informed critic.  As the old saying goes, "I don't know much about art, but I know what I like."  I have already said that I like the Catfish stories, and I don't know what else I can say about them.  


No comments:

Post a Comment