Labor market is the best since 1970 — but not if you want a raise

Source: Matt O'Brien, Washington Post (Paid Registration)

When unemployment is low, companies are supposed to have to fight over workers by offering them bigger raises. What in the name of worker bargaining power is going on?

Even sandwich shops and doggie day-care centers have been able to bully their employees into signing noncompete agreements, not because there are any trade secrets involved in putting together the perfect (or not) roast beef sandwich, but as a way to prevent their employees from threatening to move to a competitor for higher pay.

Read Full Article: Labor market is the best since 1970 — but not if you want a raise

 

Tags/Keywords

jobs, employment, raises


 
 

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