News

Politics & Policy

Wages, Benefits Grow at Fastest Rate in Nearly a Decade

(Pixabay)

American workers’ annual wages and benefits rose in the quarter covering April to June at the fastest rate since 2008.

Wages plus benefits increased 2.8 percent in the second quarter as compared to the same period last year, according to a Tuesday release from the Bureau of Labor Statistics.

Still, inflation has risen 2.9 percent over the past year, keeping pace with the increasing rate of total compensation, which counts benefits as well, for private sector workers in the second quarter.

Wages have remained low despite an improving economy, but the recent jump may signal they are catching up to inflation as companies offer more pay to snag workers while unemployment drops and more opportunities open up.

The last time unemployment was at 4 percent and there were more open positions than workers, as is the case now, was 18 years ago. Hourly wage growth was between 3.5 and 4 percent then.

Total compensation costs for workers only increased 0.6 percent, however, down from 0.8 percent in the first quarter of the year.

Sales-related jobs increased 3.5 percent and transportation and material moving were not far behind at 3.4 percent.

Economic numbers released last Friday showed a high gross domestic output of 4.1 percent.

Most Popular

PC Culture

‘White Women’ Becomes a Disparaging Term

Using “white men” as a putdown is no longer extreme enough for the Left. Now it is moving on to doing the same for “white women.” How rapidly this transpired. It was less than two years ago that the approximately 98.7 percent of white women working in media who were openly rooting for Hillary Clinton ... Read More
Politics & Policy

The World Keeps Not Ending

We were not supposed to have made it this far. George Orwell saw night descending on us in 1984. Orwell was, on paper, a radical, but in his heart he was an old-fashioned English liberal. He dreamed of socialism but feared socialists. He feared them because he knew them. I was in the sixth grade in 1984, but I ... Read More
Politics & Policy

The Beatification of Beto

The media’s treatment of Texas Democratic candidate Beto O’Rourke wasn’t the most egregiously unfair coverage of the past year -- that would be the treatment of Brett Kavanaugh -- but it ranks among 2018’s most annoying. The endless glowing profiles of O’Rourke in every publication from Vanity Fair to ... Read More
Culture

A Free People Must Be Virtuous

Dear Reader (Even those of you who didn’t seem to notice or care that I failed to file this “news”letter on Friday), So I’m sitting here at Gate C6 at O’Hare waiting for my flight home. I am weary, pressed for time, in desperate need of a shower, and filled with a great sense of dread for the work ... Read More