Corporate power keeps wages 20% down: White House
Corporate power keeps wages 20% down: White House
- Mar 09, 2022
- 225 views
- 0 comments
-
Share
They found that companies had the upper hand in setting wages because they generally knew more about the labor market than the workers do. Further, workers may not be able to move or afford an extended job search in order to find better-paying jobs. The report says, "These conditions can enable firms to exert market power, and consequently offer lower wages and worse working conditions, even in labor markets that are not highly concentrated."
Janet Yellen, US Treasury Secretary told a White House forum highlighting the report that the workers are often at a disadvantage due to the required non-compete or non-disclosure agreements, collusion between employers to keep wages low; or a lack of transparency that keeps workers unaware of prevailing wage rates. She says, "Ultimately these conditions cumulatively yield an uneven market where employers have more leverage than workers."
Source: Reuters
- 225 views
- 0 comments
Tags In
Job ProspectsYou might also like
Best tech jobs in the United States : BLS data
- Sep 06, 2022
- 549 views
- 0 comments
For several reasons, the IT sector is appealing to job seekers. ...Read more
Salaries for Californian fast food employees might rise to $22 per hour
- Sep 06, 2022
- 502 views
- 0 comments
Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more
Workers leave as job dissatisfaction grows
- Aug 17, 2022
- 584 views
- 0 comments
Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more
Microsoft offers graduates from African nations job prospects in the US & Canada
- Aug 17, 2022
- 479 views
- 0 comments
New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more
Casper is hiring professional sleepers
- Aug 10, 2022
- 562 views
- 0 comments
A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more
Category
-
Mentoring & Coaching
-
Contemporary Issues
-
Guides
-
Opening & Closing
-
Succession Planning
-
Discrimination
-
Leave Management
-
Remote & Hybrid Work
-
Workplace Wellness
-
Workers' Compensation
-
Disability Benefits
-
Health Savings Accounts
-
Family & Medical Leave
-
Promotion
-
Artificial Intelligence
-
Electronic Records Management
-
Dependent Benefits
-
Analytical Aptitude
-
Retention
-
Workplance Violence
-
Benefits
-
Communication
-
Pay Equity
-
Hiring & Firing
-
Records & Reports
-
Privacy
-
Bonuses & Incentives
-
Hiring
-
Data Security
-
People Management
-
Onboarding
-
Employee Resource Groups
-
Teamwork
-
Intellectual Property
-
Leadership &
-
Leadership Development
-
Employment Branding
-
Global Mindset
-
Employee Conduct
-
Employee Engagement
-
Change Management
-
Inclusion, Equity &
-
Employment Law & Compliance
-
Relationship Management
-
Emergency Response
-
Health Care Benefits
-
Business Continuity
-
Raise
-
Retirement & Recognitions
-
Affirmative Action
Articles
A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...Read more
Student loan debt is a crisis that has been making its way through The United States for quite some ...Read more
During an interview, you’re not only asked questions according to your credibility and qualificatio ...Read more
Americans live paycheck to paycheck, making it difficult to leave their current employer. All thing ...Read more