We’re so used to hearing about mergers, we don’t give them sufficient attention. Some are well known names, Amazon bought Whole Foods, Cigna bought Express Scripts, and some are names we may not often hear such as Marathon Petroleum buying rival Endeavor. There are also those which are proposed, AT&T merger with Time Warner or T Mobile with Sprint, for example. The number of mergers keeps growing; so far in 2018 $1. 7 trillion worth of deals have occurred and more are expected. We Continue reading “Merger, Less Jobs and Smaller Paychecks”
Tag: wage stagnation
Wage Stagnation
What happens to the wages of American workers may not seem like a topic we want to spend time on but it is important. For example, according to some experts it was a contributing factor to the election of Donald Trump. Although the last jobs report showed some wage increase, overall that increase was very flat and shows that in the long run wages will continue to be flat. Wage stagnation is not new, it has basically been around for the last 40 years and has puzzled economists. That’s why the Hamilton Project of the Brookings Institution has now issued an e-book discussing the issues, making proposals and recommendations. One of the proposals which the authors seem to Continue reading “Wage Stagnation”