Corporate power keeps wages 20% down: White House
Corporate power keeps wages 20% down: White House
- Mar 09, 2022
- 207 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
- 207 views
- 0 comments
Tags In
Job ProspectsYou might also like
Best tech jobs in the United States : BLS data
- Sep 06, 2022
- 472 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
- 448 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
- 505 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
- 421 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
- 478 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
-
Organizational Structure
-
Privacy
-
Inclusion, Equity &
-
Employee Resource Groups
-
Employee Data Privacy
-
Policies & Practices
-
Organizational &
-
Wellness Benefits
-
Whistleblowing
-
Ethnicity
-
Work Visas
-
Severance Pay
-
Benefits Compliance
-
Mentoring & Coaching
-
Hiring
-
Emergency Response
-
Leadership &
-
Workplace Harassment
-
Payroll
-
Job Descriptions
-
Risk Management
-
Bonuses & Incentives
-
Environmental Health Hazards
-
Termination
-
Campus Placement
-
Networking
-
Business Continuity
-
Leadership Development
-
Performance Management
-
Workplace Security
-
Parental Leave
-
Electronic Records Management
-
Health Savings Accounts
-
Religion & Spirituality
-
Time Worked
-
Employee Handbooks
-
Substance Abuse
-
Leave Management
-
Contracts & RFPs
-
Age
-
Work Life Integration
-
Dependent Benefits
-
Communicable Diseases
-
Unemployment Benefits
-
Executive Compensation
-
Investigations
-
Retention
-
Teamwork
-
Contemporary Issues
-
Mental Wellness
Articles
Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...Read more
It’s no secret that the healthcare sector has been reigning in all its powers over the years, parti ...Read more
About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...Read more
Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...Read more