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Wages and benefits Surged 0.8 Percent in the First Quarter, Most in a Decade
2018 Apr 27, 2:35pm 3,479 views 9 comments
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5
anonymous
2018 Jun 10, 8:36am
marcus says
Glad to see the affects of 8 years of job growth under Obama are finally kicking inActually, it's the Reagan tax cuts that are finally kicking in. Takes a while.
6
marcus
2018 Jun 10, 8:57am
marcus
2018 Jun 10, 8:57am
I've said all along that I feared inflation is Trumps highest goal. It's probably a big part of his reason for the tarrifs.
He owns a lot of highly leveraged assets.
He owns a lot of highly leveraged assets.
7
MisterLefty
2018 Jun 10, 2:52pm
marcus says
I've said all along that I feared inflation is Trumps highest goal. It's probably a big part of his reason for the tarrifs.But on the plus side, UST yields are heading up, providing stable, risk-free income for retirees.
He owns a lot of highly leveraged assets.
8
bob2356
2018 Jun 10, 6:15pm
MisterLefty says
I've been wondering about that. SS surpluses have been shrinking steadily sending more Tbills into the financail markets. Something like 2024 there will be no surplus. Not only will every cent of government borrwoing be in the financial markets, SS will have to start redeeming it's tbills which will be even more borrowing on the markets. There is going to be a lot more pressure on tbill yeilds without the SS buffer. I haven't seen anyone do any kind of analysis about this.
But on the plus side, UST yields are heading up, providing stable, risk-free income for retirees.
I've been wondering about that. SS surpluses have been shrinking steadily sending more Tbills into the financail markets. Something like 2024 there will be no surplus. Not only will every cent of government borrwoing be in the financial markets, SS will have to start redeeming it's tbills which will be even more borrowing on the markets. There is going to be a lot more pressure on tbill yeilds without the SS buffer. I haven't seen anyone do any kind of analysis about this.
9
Booger
2018 Jun 10, 7:42pm
Booger
2018 Jun 10, 7:42pm
Feux Follets says
That's because you have to change employers to get a raise. Everybody knows this.
Median Income Has Gone Nowhere Since Recession.
That's because you have to change employers to get a raise. Everybody knows this.
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Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in March 2018, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. (See chart 1 and tables A, 1, 2, and 3.)
Civilian Workers
Compensation costs for civilian workers increased 2.7 percent for the 12-month period ending in March 2018 compared with a compensation costs increase of 2.4 percent in March 2017. Wages and salaries increased 2.7 percent for the 12-month period ending in March 2018 and increased 2.5 percent for the 12-month period ending in March 2017. Benefit costs increased 2.6 percent for the 12-month period ending in March 2018. In March 2017, the increase was 2.2 percent. (See chart 2 and tables A, 4, 8, and 12.)
Private Industry Workers
Compensation costs for private industry workers increased 2.8 percent over the year, a larger increase than the 2.3-percent increase in March 2017. Wages and salaries increased 2.9 percent for the current 12-month period and increased 2.6 percent in March 2017. The cost of benefits rose 2.5 percent for the 12-month period ending in March 2018 and increased 1.9 percent in March 2017. (See charts 3 and 4 and tables A, 5, 9, and 12.)
https://www.bls.gov/news.release/pdf/eci.pdf