Tuesday, 14 January 2014

5 reasons why your pay isn’t rising as fast as it should – CBS News

In theory, wages should grow at the rate of inflation plus the rate of growth of productivity. But in the last several years wage growth has been below this benchmark. Why? Here are five factors that are conspiring to restrain wage growth…
Large supply of unemployed workers
Automation
Hollowing out of the middle class
Decline in unionization
Globalization
Post a Comment