Hiring

Wages, Salaries Rise by Most in Decade as US Adds 227,000 Jobs

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By Thomson Reuters – Re-Blogged From Newsmax

U.S. wages and salaries rose by the most in a decade while private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September.

The Labor Department’s Employment Cost Index showed wages and salaries, which account for 70 percent of employment costs, jumped 0.9 percent in the third quarter after climbing 0.5 percent in the prior period.

The Negative Impact of the #MeToo Movement

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By Heather Mac Donald – Re-Blogged From Imprimis

Our nation is about to be transformed, thanks to the #MeToo movement. I am not speaking about a cessation of sexual predation in the workplace. If that were the only consequence of #MeToo, the movement would clearly be a force for good. Unfortunately, its effects are going to be more sweeping and destructive. #MeToo is going to unleash a new torrent of gender and race quotas throughout the economy and culture, on the theory that all disparities in employment and institutional representation are due to harassment and bias. The resulting distortions of decision-making will be largely invisible; we will usually not know of the superior candidates for a job who were passed over in the drive for gender parity. But the net consequence will be a loss of American competitiveness and scientific achievement.

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Wage Inflation Coming. Does This Mean Spiking Interest Rates?

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By John Rubino – Re-Blogged From Dollar Collapse

Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.

While he was working I asked him how business was going. He claimed to be swamped to the point of turning away jobs. I asked why he doesn’t hire more plumbers to leverage his client list. Because, he replied, there are no available plumbers: “If a plumber is unemployed today there’s a really good reason for it.” In other words the home maintenance part of the labor market is hot and getting hotter.

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