Roger R. Carter Labor and Employment Law Blog on Lawyers.com

Americans Working Much Harder - for Less Pay

Friday, January 8, 2010 by Roger R. Carter

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By John W. Schoen

Recent government data on worker productivity indicates
that most Americans are likely to be working harder and putting in longer hours
for the same pay. The Labor Department has stated that the American workforce
produced 6.4% more of the goods in the second quarter of this year compared to
one year ago, yet the unit labor costs (amount employers are paid) fell by
5.8%.





Many economists believe that the current recession is soon
coming to a close due to the slowing of job cuts, increased productivity from
fewer workers and the housing market showing signs of a bottom thus resulting
in lower wages paid and higher savings for businesses. However other analysts
disagree saying that the lower wages and higher savings leaves less money for
consumers to buy the goods and services that create demand which makes for
companies continuing to squeeze more out of fewer workers.

Take a look at the
following article to read more on
Working Harder for Less Pay!   



 

 
Posted at 15:59 PM
Topic: Labor and Employment
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