^^ I don't trust that YoY wage data.
In the construction industry, wages are indeed going up. There is more overtime work available than ever because we cannot fully man the projects because there is a shortage of workers. Therefore, their wages have gone up. Way up. Low wage "driver" and non-union laborer jobs which go to 18-25 year old kids, are up to $15/hr, when they were at $12/hr just a few years ago. I attribute that increase to competition like Uber and Lift and fast food industry, where $15/hr is becoming common. There's a general shortage of workers. When there is a shortage, companies will pay more to keep the people they have, otherwise, they'll jump ship.
Lastly, to your other concern, I want owners of capital to experience as much growth and have as much money as possible. What do they do with that money? They invest it in the construction of new facilities or into new businesses, thus employing MORE people.
EDIT: High five to a fellow free-thinker, LVDW. Posted essentially the same thing at same time.
Last edited by Skyguy_7; Aug 6, 2018 at 3:35 PM.
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