http://www.usnews.com/news/articles/2013/05/16/some-good-and-bad-news-about-your-paycheck
Paychecks are getting larger and larger in the sectors that require skilled labor. However, due to inflation, the adjusted rates are still lower than they were in 2008. Originally in 2008 deflation pushed the "real dollar" value of peoples money down.
While it is nice to see that people are starting to make more money than they were a few years ago, once again is upsetting to realize that they still are not making as much as they could be because of inflation. This is a problem because people are having to stretch their money farther and farther to pay for the same things. It means that they have to work much harder.
I think this is a great article that i believe more people should read. It would enlighten people that a higher pay right now isn't necessarily. My question is why is the government choosing inflation?
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ReplyDeleteI agree with you. People have to work harder in order to get something due to the fact that inflation pushed the value of money down. Even if people are making more or the same about of money, they are actually making less. It’s obvious that workers with higher skill have more control on their paycheck. They’re making much more money than workers with lower skill. Even if the inflation continues, higher skilled workers don’t have to work as hard.
ReplyDeleteI believe that incomes should rise to meet the constantly increasing costs of living. Why is the inflation rising though? The government should work on keeping inflation low so people have more dollars to work with.
ReplyDeleteIt seems as though the inflation is constantly rising. Why is this? The government should work on lowering inflation because the costs of living are increasing and people are given less money.
ReplyDeleteThe part of the article that discusses skilled positions should be made clear to everyone. Skilled positions are going to make more money. With more people competing for skilled labor positions, the competition among workers is only going to get better. Think of a high school football team for example. A school like Wilson with hundreds of kids trying out for the team will be much better than a small school with 50 kids to pick from (in most scenarios). With this influx of talent into a field, the productivity will increase, and more money will be made. I think that the gap between skilled and unskilled labor is a direct result of the competition in the skilled labor field. I think the more competition in the field, the greater the gap will be, which I personally don't find an issue with that. It will provide incentive for more people to be skilled laborers.
ReplyDeleteI think that this article fortifies our claims as a class that the best thing to do right now is go to college. The skilled workers have the best control over their pay and subsequently have the highest pay. However it specifically mentions the STEM fields as examples for what the skilled laborers do. To me this means that the arts and social sciences are becoming less desirable which coincides with what I think we all found in our research for the paper.
ReplyDeleteI feel like the issues dealing with public wages and such are not nearly as important as the inflation is. If inflation is reduced, then the arguments about who should earn more would likely disappear because most people would be more satisfied with their income than they are now.
ReplyDeletePeople should be recognized for their skills so it's logical that they should get paid more. It's nice that people's pay is increasing but if you considered inflation is it really increasing or just keeping up? The value of the dollar is decreased so more money has to be given so basics can be able to be paid for.
ReplyDeleteI completely agree with skilled labor workers getting paid well, because they obviously put great effort into the work that they do, but when you have to consider inflation, the extra money that they just made is still only going toward the ever-increasing costs of basic needs such as food and gas.
ReplyDeleteIt is unfortunate to see that people aren't making as much money as they could possibly be due to the effects of inflation. However, every citizen of the United States is affected by inflation, so is each individual really losing out when all other individuals aren't receiving the same money because of inflation?
ReplyDeleteIt is upsetting to know that people could be making more than they are making, but what I am understanding is that is it because of inflation so I think we should focus on the inflation because the hope should be once we fix the inflation people who could be making more than they are currently making will be making more
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