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Holy Shit Batman!

From a PR email by a lefty group:

Workers flexed their muscles in 2022, with strikes surging and a labor shortage pressuring businesses to lift wages. That was then.

Now, metrics show that wage growth peaked in the middle of last year and has since slowed. A comprehensive measure of employee pay showed that employer spending on pay and benefits grew only 1% in the last three months of 2022.

Holy Shit! You mean that if individual workers get more money then employers will have fewer workers to balance things out. No, NO, Noooooo, say it ain’t so!

Don’t that just screw the higher minimum wage argument?

6 thoughts on “Holy Shit Batman!”

  1. I’m more interested in how the idiot thinks wage progression is a “continuous process”. Pretty aure (s)he’d object to the adverse as well…

    Something tells me real wage adjustment, in any form, only does occur until you remind the Boss that it’s needed. Pitchforks and flaming torches optional.
    Anything less than that? ummm.. yeah some people are Polite, but…..

  2. Theophrastus (2066)

    A higher minimum wage would incentivise automation and increase productivity, though unemployment would rise.

  3. Look at all the automated ordering screens in burger joints and self-service tills in supermsrkets. Hell, the only time I talk to somebody in a petrol station is if the machine’s receipt printer isn’t working.

  4. This article is really informative – thank you for sharing! I’m curious to know what happened to the “wage growth peak” mentioned in the article? I’m not sure if that’s still happening or if it’s just a recent memory.

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