In the United States, low wages are rising, inequality remains

WASHINGTON: Fast-food workers are protesting in Manhattan demanding $ 20 an hour: unimaginable pre-epidemic demands are now unabated, with companies growing dramatically that have not reduced inequality.

Labor shortages, associated with covid contamination, childcare problems and low-paid employees who have decided not to return to their jobs before the health crisis have forced companies to guarantee higher minimum wages, insurance and bonuses with benefits such as improved health.

“There is a realization among the country’s top employers that if they want to attract a reliable workforce that can help them navigate through this time of great uncertainty, wages need to be accelerated.” And the young Parthenon.

“Supporting and retaining the best people in the world allows us to offer the best products and the most innovative services to our customers,” Apple told AFP after announcing a ঘ 22 minimum hourly wage.

The tech giant claims to be at the forefront of the industry in terms of minimum hourly rates and prides itself on expanding “a solid range of benefits” for its full-time and part-time employees. By raising wages, he can expect, like Amazon, to discourage union ambitions.

Moving to 22 22 represents a 45% increase from the 2018 low, the group said.

Hold employees

In the summer of 2021, with severe labor shortages, many companies, including Amazon, Target, and Chipotle, exceeded $ 15 an hour, more than double the federal minimum wage (7. 7.25) that has not changed since 2009.

This week, Bank of America announced a minimum wage of মত 22, like Apple, which will rise to 25 25 by 2025.

In the United States, maximum wage increases have been granted to minimum wage workers who have not hesitated to demonstrate for this improvement.

Mahir Rashid, an economist at Oxford Economics, observed that all income levels had risen, but that it was the lowest bond that had made enough gains to offset inflation.

In other words, “even with higher incomes, most consumers see their wages being reduced in a real sense,” he says.

Visual hallucinations

In addition, although these increases appear to be significant, especially in the hotel and restaurant sector, it remains below the average annual salary.

“The increases seem huge, because some salaries are থেকে 7 to, 10, থেকে 10 to, 12, থেকে 12 to এবং 15 and even থেকে 15 to” 20, “Gregory Daco continued.

However, “15 15 per hour is 30 30,000 a year, much less than 50,000 50,000 to 60 60,000 for a median salary,” he explained.

Furthermore, this catch-up effect may be temporary.

It is “unlikely” that growth at this rate will continue even though we see further growth here and there, as companies want to remain attractive, believes Mahir Rashid.

These benefits will fade as workers re-enter the workplace, he said.

Especially since the labor demand of employers is declining. “Therefore, the bargaining power of the workers will be eroded,” Gregory Daco added.

“Unfortunately, I don’t expect these gains to be sustainable in the long run because we haven’t seen a rise in the federal minimum wage,” said Alice Gold, an economist at the Institute for Economic Policy (EPI). Expects.

In a survey published last month, it noted that average wages in the United States rose 4.4% in the first year of the epidemic but fell 1.7% in the second year.

“Even with the rapid increase in wages among the lowest paid workers in the last one year, wage levels in the US labor market remain extremely uneven,” he said, adding that gender inequality as well as ethnicity.

In April, the hourly rate increased 0.3% compared to March. In one year, it jumped another 5.5%, according to the Department of Labor.

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