Grim Jobs Report | National Catholic Reporter?by MSW. ?MGB: Wage growth is going up in some places, not others. ?If we can get a new minimum wage passed, it will increase wages up the line. ?Interestingly, as I stated on my own blog and Facebook page, as well as directly to the White House, adding a COLA to the minimum wage should be the price for adopting chained CPI. ?This takes both issues off the table and leads to automatic wage growth to go along with productivity growth. ?Until workers own all the technology and capital, they are at a disadvantage in both the automated and world economies - because there are always more workers than employers. ?The minimum wage has been shown to counteract that without increasing joblessness.
Frankly, if there is joblessness, that should be an invitation for the establishment of funded training programs, where employees are paid a wage to train - since it seems that the current labor shortage in certain fields is not being made up by hiring people and training them - industry wants only those already trained and would rather short staff than provide training. ?Short staffing also keeps wages low.
Source: http://xianleft.blogspot.com/2013/08/grim-jobs-report-national-catholic.html
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