Wage Gap Widens between Workers and Managers

Drilling Down on the YOY Hourly Wages Increase

  • Worker Bees Hourly Wages up 2.5%- comprises 82% of aggregate
  • Management Hourly Wages up 4.7- comprises 18% of aggregate

The Chart Wall Street Loves Today

 

And Obama's Record of Job Growth Seems Solid

 

BUT.....

Production Workers Didn't do as well as their Supervisors

 

Worker Earnings Didn't Keep Pace with Management

 

Via Zerohedge 

... this headline hourly earnings number - impressive as it may be - tells an incomplete story as it consolidates wages for both production & nonsupervisory employees, which comprise the vast majority, or 82.3% of the labor force, and the top echelon of workers, the 17.7% of private workers who are classified as supervisory, and managerial.

What happens when one looks at just the subset of production and nonsupervisory private workers, which in October amounted to 101.3 million, or just over 82% of the entire private workforce? Well, we find that their wage growth story is very different. According to the BLS, these particular workers made on average $21.80 per hour, up only 2.5% from $21.26 a year ago, which as the chart below shows is where wage growth for this group has been for three years, and after a modest dip in late 2014, has been largely unchanged since the start of 2014.

Indicatively, this particular group of workers saw a 4% annual growth in wages at the time the 2007 recession hit.

In other words, for the vast majority of American workers, real wage growth is still as anemic as it has been for years, barely outpacing official measures of inflation.  

full article here

 

And What About Real Earnings Growth Being Negative?

 

Just Sayin'

 

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Anonymous (not verified)

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"I still think two moves is not an unreasonable expectation ...but it's going to depend on how the data roll out, and if it’s a little bit stronger, three is not going to be implausible," the Federal Reserve's Evans told reporters after on the sidelines of an American Economic Association conference. - - - This is more gutless, timid speculation, made by a spineless, mindless incompetent, who is part of a corporation (the Fed is* a corporation), who has no idea what the HELL they are doing. The same stupid asshole said they would be raising rates 4 times last year (which did not happen), to purposefully suppress the price of metals and buoy the pathetic bond market and dollar....There is the same chance the Federal Reserve will raise the rate 3 times this year, as they said they would raise it 4 times last year.... Which is ZERO. There is a ZERO chance these incompetent Zionist senile old Rothschild mouthpieces will do anything. They have been using the same outdated, theoretical Irving Fisher era- models for the last 100 years and we all know how WRONG they have been on EVERY prediction they've made regarding recessions, depressions and significant economic growth. THE FED AND YELLEN, HER CRONIES, ARE IRRELEVANT, INCOMPTENT AND HAVE NO IDEA WHAT THE HELL THEY ARE DOING....It's time to get rid of these corrupt, illegitimate, Israel Zionist parasites once and for all....
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Anonymous (not verified)

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So...managers are not "workers" ??