More like pissing on them:
"Workers’ gains could fuel economic growth; Companies may be poised to rely less on cost-cutting, more on consumer spending" by Nathaniel Popper | New York Times, March 11, 2013
NEW YORK — Wall Street is hopeful that US companies, after years of gaining ground at the expense of their employees, will start to succeed because of the rising fortunes of those workers....
Hey, look, you have Wall Street on your side, American workers!!
This is a shift from the last few years, when stocks and corporate profits soared primarily because of cost-cutting and increased productivity from a shrinking or slow-growing workforce. The Federal Reserve’s stimulus programs helped corporate America, but did little to help improve the lives of most workers, whose wages declined while unemployment remained stuck at high levels.
Which is what his job really is, readers.
Related:
"The ultra-low borrowing rates the Fed has engineered have been credited with helping fuel a housing comeback, support economic growth, drive stocks to record highs, and restore the wealth America lost to the recession."
Also see: US wealth gap grew during recovery
Well, some wealth was restored (to those that never really lost it).
A surprisingly good employment report on Friday was the strongest of a number of recent indicators that the benefits of the Fed’s program are now starting to trickle down to ordinary Americans....
Readers, I'm tired of banker and corporate speak like this. The same mindset has been at work in AmeriKa for over 30 years now, ever since Reagan came to power we have heard this (and its alternate term ripple when it comes to budget cuts to those concerns) and it's time it stopped.
Growth in corporate profits has slowed as gains from productivity and cost-cutting reach their limits.
I guess the golden age (see link below) is over.
Many strategists are seeing signs the slowdown in expense reduction — the so-called bottom line — is being made up for by top-line growth in revenues from reviving US consumers....
The ones whose wages have declined -- if they even have a job?
--more--"
"More American workers quitting — a healthy sign" by Christopher S. Rugaber | Associated Press, June 12, 2013
WASHINGTON — More Americans are quitting their jobs, suggesting many are growing more confident in the job market....
Or they are just fed up with shit work like I was.
The Labor Department report offered a reminder the job market is far from healthy....
Still, the growth in hiring and quits provides more evidence the job market is making slow but steady strides....
I'm sorry, folks; I just don't want to comment on this double-talk doo-doo anymore.
Most workers quit jobs if they have a new position or feel confident they can find one quickly. That opens up opportunities for the unemployed.
The report, known as the Job Openings and Labor Turnover survey, provides the total number of people hired and laid off each month. It’s different from the department’s monthly jobs report, which provides each month’s net job gain or loss and the unemployment rate. By quantifying total hiring and layoffs, the JOLTS report paints a fuller picture of what employers are doing.
For example, for the past two years net job gains have averaged 180,000 per month. But much of that gain reflects a decline in layoffs, rather than more overall hiring.
I'm jolted that they are still fiddle-f***ing with numbers and shoveling s***.
Layoffs fell to the lowest level on records dating back to 2001 in January. They have since increased slightly but are still below prerecession levels.
Despite April’s increases, overall hiring and quits are still below prerecession figures....
And how many people have entered since needing jobs, as well as those fallen off the counted rolls?
The job market remains competitive. There were 3.1 unemployed workers, on average, for each open job in April. In a healthy economy, the ratio is 2 to 1. The drop in openings suggests job gains may not pick up in the coming months.
Americans, they have been telling is this for FOUR YEARS NOW! It's always just around the corner!
Oh, and that ratio, looks awfully low to me, but then again, the AmeriKan media would never lie about the economy -- or anything else -- right?
Openings have risen faster than hiring since June 2009, when the recession ended. The number of available jobs has increased 58 percent, but hiring has increased only 22 percent — a sign companies are slow to fill the jobs they have posted.
That's because it is the golden age of corporate profits!
But it is $lowing profits, blah, blah, blah.
--more--"
Also see: US banks earned more from January through March than during any quarter on record
At least the Fed is working for someone.
UPDATE: Workers gloomy about retirement, despite stock surge, better economy
At least they are good jobs, right?
Also see: More workers raiding 401(k) plans long before retirement
I did years ago, and it's all gone now.
