• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Inflation spurs record decline in workers' wages and benefits

NatMorton

NatMorton

DP Veteran
Joined
Oct 15, 2020
Messages
37,056
Reaction score
18,259
Location
Greater Boston Area
Gender
Male
Political Leaning
Conservative
Yikes.

New York (CNN Business)Skyrocketing inflation is robbing Americans of their raises.

Total compensation costs for civilian workers declined 3.7% over the past 12 months ending in March, after accounting for inflation, according to the Employment Cost Index report published Friday.

It's the largest decline since the Bureau of Labor Statistics began inflation-adjusted records in 2001. What's more, it comes at a time when compensation costs -- which includes the wages employers pay plus health, retirement and other benefits -- are rising swiftly, before accounting for inflation, as employers try to fill positions and hold on to their staff.
Click to expand...

Source: https://www.cnn.com/2022/04/29/economy/inflation-worker-compensation/index.html
 
That's awesome news. Thanks, Joe Biden.
 
You must log in or register to reply here.
Back
Top Bottom