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?
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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?
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Guest:
Dean Baker, Co-Director of the Center for Economic and Policy Research
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Eric Johnson
Tender Greens
Tender Greens is like your favorite rock band where you want to keep it a secret but also hope for tremendous success. And successful it is. Healthy and tasty salads and veggies, lean cuts of steak, chicken and tuna all served up in a 'fast food' style and price tag - but in a much better environment and quality. The flatiron angus steak with Yukon Gold potatoes top out my list. I also love to get the line caught ahi tuna with a baby spinach and goat cheese salad - quite tasty when I'm shooting for lighter fare. Makes for a nice and not-too-expensive dinner, and an excellent lunch as well.
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Day In A Page Radio/Story Archive
2 weeks, 1 day ago
I am thankful I have a job, but since the beginning of the year when I started working the staff is minus 3. Also, we were told this summer that there was not going to be OT authorized until further notice so now we have to "bank" to "Comp time" any time after 8hrs/day. So now, we all have more work, work more time, but are not getting more money, just bank TIME to take off later, but there's no time to take my banked "Comp Time" !!!!!!!!!!!!