The United States labor market is as strong as ever: A near-record low 3.6% of Americans are unemployed — giving workers an edge in negotiations with their employers. The economy added more than 250,000 jobs in April and nearly 200,0000 jobs in March. That has restaurants, manufacturers and other businesses across the country reporting difficulties recruiting and retaining workers who find themselves in a position to seek more pay, ask for better benefits perhaps gain increased flexibility on the job. ”We’ve been on a tear, really, uninterrupted since the end of the recession,” NPR’s Chief Economics Correspondent Scott Horsley told CBSN. Horsley gave the example of Kohler Co. which in 2010, in response to the Great Recession, imposed a two-tiered pay-scale system on employees, paying those hired after 2010 lower wages compared to longer-tenured workers performing the same tasks for the company, best known for its bathroom and kitchen fixtures. Newer workers’ pay only began to rebound in 2016 following a worker strike the year before. Kohler found itself unable to fill jobs in a booming economy and ultimately agreed to a contract that phases out the two-tiered wage scale by 2023, NPR reported. ”It’s definitely the case that if you have a… Read full this story
- Collective Bargaining
- Do You Have a Job that You Just Despise Coming to on Mondays?
- Real Estate Stories that Show You How!
- DCX To Sell Chrysler For $7.4B
- Cultural Differences: Different Time 'Zones' (Part-1)
Workers find new bargaining power in a strong jobs market have 246 words, post on www.cbsnews.com at May 20, 2019. This is cached page on IT Breaking News. If you want remove this page, please contact us.