FNC is reporting that base salaries may fall behind inflation due to companies shifting from raising base pay to bonuses and performance based salary raises.
They also cite rising costs in health care benefits as a problem, over 6%. They say it has risen to about 7000.00 per employee and that is not chump change.
I don’t know if it is a bad thing to reward your employees who perform over those that do not. It would be nice if the base pay kept up with inflation and then we talked bonuses, but companies need to show profits to stay in business.
Ya know, the Left and Democrats are always hot on workers salaries and rights, which once was a real problem, but without an employer the worker has no job and that means zero income; or un-employment pay. We have to understand how to balance these concerns and not just think of workers. We need to think about employers as well, or there will be no workers.
That said, I am no longer defending Wal-Mart. I just heard that they tell their suppliers to go oversees or they won’t do business with them. That is not being competitive that is being un-American. Due to this fact, Sears has merged with Kmart and are pushing the same policies. We cannot keep losing jobs overseas and maintain a middle class in this country.
I believe we are reaching a point where you will see that “free trade” is going to ruin this country. First world countries cannot have free trade with third world countries and not suffer, nor can they compete for the labor market.
What is going to happen is third world countries will prosper and we will suffer. We are seeing this with China now rising as an economic power thanks to our trade policies.
All you people out there that said trade would transform China into a free democratic country should now admit they were wrong and shut up. Don’t tell me we should open trade with Cuba because that will turn them free, because this concept has already been proven wrong.