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Thread: Payroll employment increases by 321,000 in November; unemployment rate unchanged

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by Helix View Post
    what's your opinion about labor organization?
    I generally have no opinion about labour organisation. If workers choose to organisation, they should. I don't always agree with their tactics.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by WallStreetVixen View Post
    I generally have no opinion about labour organisation. If workers choose to organisation, they should. I don't always agree with their tactics.
    yep, we pretty much agree about that. i am pro union, because it is a way to ensure better jobs. however, there is nuance in every issue.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by Helix View Post
    yep, we pretty much agree about that. i am pro union, because it is a way to ensure better jobs. however, there is nuance in every issue.
    It can ensure people who have jobs keep their jobs. Whether it can or can't equate to better jobs is debatable.The labour market today isn't the same labour market of the early 1900s. Workers increasingly find that they don't really need unions. Some workers don't have a choice in the matter, but the ones who do aren't organised

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by WallStreetVixen View Post
    It can ensure people who have jobs keep their jobs. Whether it can or can't equate to better jobs is debatable.The labour market today isn't the same labour market of the early 1900s. Workers increasingly find that they don't really need unions. Some workers don't have a choice in the matter, but the ones who do aren't organised
    my opinion : the pendulum has pretty much swung in the other direction, and in an economy that is increasingly post labor, the power is mostly in the hands of employers.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by Helix View Post
    my opinion : the pendulum has pretty much swung in the other direction, and in an economy that is increasingly post labor, the power is mostly in the hands of employers.
    When has the power not been in the hands of employers? For the most part, employers have most of the power; however, business is not a one way street. The power can absolutely be in the hands of employers if employees find themselves without any leverage. In the early industrialised economy, employers could have taken advantage of low wage work because the industry (for the most part) was very low skilled, as sophisticated machines performed most of the work. This dynamic isn't much different today, as most of the jobs being filled in this economy is low wage work that requires very little skill.

    This is probably one of the reasons why union participation rates are at all time lows, not just in the United States, but all over the world (except in Scandinavia). Today's workplace is increasingly individualised. When you're in a union, your productivity and performance is judged as a whole group. As an individual, you are judged on your own merits.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by WallStreetVixen View Post
    When has the power not been in the hands of employers? For the most part, employers have most of the power; however, business is not a one way street. The power can absolutely be in the hands of employers if employees find themselves without any leverage. In the early industrialised economy, employers could have taken advantage of low wage work because the industry (for the most part) was very low skilled, as sophisticated machines performed most of the work. This dynamic isn't much different today, as most of the jobs being filled in this economy is low wage work that requires very little skill.

    This is probably one of the reasons why union participation rates are at all time lows, not just in the United States, but all over the world (except in Scandinavia). Today's workplace is increasingly individualised. When you're in a union, your productivity and performance is judged as a whole group. As an individual, you are judged on your own merits.
    The jobs that favor unions are going overseas and the government between laws and agencies are chieving more worker benefits and protections than unions.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by Declan View Post
    The jobs that favor unions are going overseas and the government between laws and agencies are chieving more worker benefits and protections than unions.
    There is also a reason why the economy creates plenty of low wage, low skill jobs: they are better for retaining cost than the jobs being exported overseas.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by WallStreetVixen View Post
    There is also a reason why the economy creates plenty of low wage, low skill jobs: they are better for retaining cost than the jobs being exported overseas.
    The economy will always create low skill jobs. Wheher or not those jobs are also low wage just depends on supply and demand of available workers for them.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by Declan View Post
    The economy will always create low skill jobs. Wheher or not those jobs are also low wage just depends on supply and demand of available workers for them.
    Roughly 40% of the job gains within the last 6 years originated from Leisure & Hospitality, Retail Trade and Temporary Services. The average hourly wages of these industries range anywhere from $14.10 - $16.31, which is below the average of $24.66 in the total private economy.

    While it may seem like it's no big deal, it should be a brow raiser that a good portion of these low wage jobs came from only three industries alone.

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    Re: Payroll employment increases by 321,000 in November; unemployment rate unchanged

    Quote Originally Posted by WallStreetVixen View Post
    Roughly 40% of the job gains within the last 6 years originated from Leisure & Hospitality, Retail Trade and Temporary Services. The average hourly wages of these industries range anywhere from $14.10 - $16.31, which is below the average of $24.66 in the total private economy.

    While it may seem like it's no big deal, it should be a brow raiser that a good portion of these low wage jobs came from only three industries alone.
    2 of those three would indicate people have more discretionary income than is captured by median household income numbers.

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