Has your paycheck been as productive as your work?
Worker productivity rose by 9.5% in the third quarter this year, as employees are working harder and longer to pick up for the slack of their laid-off colleagues. You might think, “This should result in higher wages for those of us still employed.” You’d be wrong—wages remain flat or falling. Good news for companies, who are squeezing more out of their employees, is bad news for both employed and unemployed workers. With the national unemployment rate set to jump past 10% tomorrow, where’s the relief for the American worker?
Worker productivity rose by 9.5% in the third quarter this year, as employees are working harder and longer to pick up for the slack of their laid-off colleagues. You might think, “This should result in higher wages for those of us still employed.” You’d be wrong—wages remain flat or falling. Good news for companies, who are squeezing more out of their employees, is bad news for both employed and unemployed workers. With the national unemployment rate set to jump past 10% tomorrow, where’s the relief for the American worker?
Guest:
Dean Baker, Co-Director of the Center for Economic and Policy Research
- Patt Morrison for November 5, 2009
- Don’t call it a retreat: UN relocating staff in Afghanistan after attacks
- The “glass ceiling” has been shattered, but are women getting their fair share?
- Orhan Pamuk
- Ask the new Chief: Charlie Beck takes over LAPD
- Has your paycheck been as productive as your work?
- National Animal Shelter Appreciation Week
Also on this episode
Events
Comedy Congress Live
Wednesday, February 29, 2012
7:30 p.m.
- 9 p.m.
The comedic material emanating from Washington D.C., and state capitols across the country, is enough to make any sitcom writer jealous, even if most of that comedy is unintentional. Our motto on Comedy Congress is that just when politics makes you want to cry, it’s usually best to laugh.
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