Career Calling

December 16, 2013

Produce More and Get Paid the Same or Less

Is it fair that workers are producing more wealth for their employer and not seeing a share of that wealth?  Writing in Daily Kos, Meteor Blades reports on some alarming data from the Department of Labor.  Productivity is increasing at an annual rate of 3% while labor costs are down and wages are stagnant.  Blades does a great job of historical analysis, showing that wages began to contract long before the “Great Recession” of 2008.

This sad story is another reason why workers need to be in a constant job search.  If your current employer is asking for more and not rewarding you, it’s time to test the market.  For many workers, that will be the only way to get a significant raise.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: