- Aug 1, 2004
- 70,047
- 24,226
wages are also going up because of a tight job market, which should tamper that down some now.
wages are also going up because of a tight job market, which should tamper that down some now.
- Aug 1, 2004
- 70,047
- 24,226
anyone with a cdl now making good money, idk what you're talking about.
mplsdunk
Supporter
- May 25, 2004
- 36,052
- 56,347
Meh, idk about good.
Sure you can find good jobs but let’s not act like 60k at Swift to live in a truck is good.
Sure you can find good jobs but let’s not act like 60k at Swift to live in a truck is good.
- Aug 1, 2004
- 70,047
- 24,226
60k to do over da road?
try 100k at least...and living on a road is a lifestyle choice...trust me if i wanted to bite da bullet & go cross country for 6 figs i could do it whenever i want. im just stubbornly too NYer for my own good.
mplsdunk
Supporter
- May 25, 2004
- 36,052
- 56,347
60k to do over da road?
I know that... but tell that to all these bottom feeder companies. Nobody is making 100k at swift or any other mega carrier unless they are teaming.
You really gonna live in a truck with another dude that never stops rolling for 100k? **** no.
Yes I realize you can make 100k but most aren’t. We got guys making that at my job working seasonal driving a mixer. These companies gotta step up their pay big time.
- Mar 10, 2013
- 9,025
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^Bro you doing your thing in that cement business. Love to see Minneapolis heads doing well.
mplsdunk
Supporter
- May 25, 2004
- 36,052
- 56,347
Thanks man, there is plenty of money to be made right now that’s for sure. 100 truck loads a day alone just to the airport.
You already know everything else is going on too from sky scrapers, houses and 35w/94.
Plus we picked up the contract with city of mpls so now we got like 100 loads a day to them as well.
we’re busy as hell and we can’t find drivers.You are technically correct, but it's pretty pitiful when you look at the numbers. Wages have been stagnant for decades, so it's going to take quite a bit more.
- Mar 10, 2013
- 9,025
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It's only going to keep coming if congress can get a infrastructure deal through. My pops told me a long time ago I should get into bridge building and I know he was right. Time to start getting money in the right places.
mplsdunk
Supporter
- May 25, 2004
- 36,052
- 56,347
Yeah, the way I see it is we got my company by the nuts for at least another 10 years.
That’s why I voted to authorize a strike, it would have lasted 5 hours but the old heads messed it up. Oh well can’t win them all.
I mean you seem to be doing alright... but year our bridges are trash. I think the top 3 most unsafe bridges in the country are all in MN.
That’s why I voted to authorize a strike, it would have lasted 5 hours but the old heads messed it up. Oh well can’t win them all.
I mean you seem to be doing alright... but year our bridges are trash. I think the top 3 most unsafe bridges in the country are all in MN.
- Aug 1, 2004
- 70,047
- 24,226
different strokes for different folks.
people enlist in da military for way less money and more of a dangerous occupation.
- Dec 27, 2014
- 35,782
- 78,686
Don't play dumb.
I said Amazon driver. As in those Prime delivery trucks.
Those dudes get paid peanuts to deliver a zillion packages per day.
- Aug 6, 2012
- 66,113
- 76,612
Trash jobs being created mean very little when you have to work 2 to get by.
- Sep 18, 2013
- 6,219
- 5,706
The last thing a 19 yr old would want to do is drive trucks. Shoot guns travel and ******* *****es is way more appealing.
But people who have family dont want to be gone 5 days out the week just for financial security. It's a catch 22 but some people do and some times it works sometimes it dont.
Life is based all on choices.
That's why people like ninja conveniently ignore the fact that wages have been stagnant for decades. I just hope the average American is smart enough to realize they're still getting screwed by these multi-billion dollar corporations.
- Aug 1, 2004
- 70,047
- 24,226
OTR truck drivers do all that except get shot at.
google truck driver tropes, one is usually pick up female hitchhikers.
- Aug 1, 2004
- 70,047
- 24,226
https://www.nytimes.com/2019/05/02/business/economy/wage-growth-economy.html
Why Wages Are Finally Rising, 10 Years After the Recession
By Ben Casselman
- May 2, 2019
Unemployment was low. Hiring was strong. Corporate executives were complaining that they could not find people to fill all of the available jobs. Yet workers’ paychecks were growing only sluggishly, barely outpacing inflation.
And then wage growth suddenly picked up.
Average hourly earnings in April were 3.2 percent higher than a year earlier, the ninth straight month in which growth topped 3 percent, the Labor Department reported Friday.
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Other measures diverge on the exact timing and rate of increase, but not on the basic trend: Wage growth, long stuck in neutral, has at last found a higher gear.
“We’ve spent several years going, ‘Where is the wage growth? Where is the wage growth?’” said Martha Gimbel, an economist for the job-search site Indeed. “And it turns out we just had to wait a few years for the labor market to get tighter.”
Which workers are benefiting?
The recent gains are going to those who need it most. Over the past year, low-wage workers have experienced the fastest pay increases, a shift from earlier in the recovery, when wage growth was concentrated at the top.
The faster growth at the bottom is probably being fueled in part by recent minimum-wage increases in cities and states across the country. Research from the Economic Policy Institute, a liberal-leaning think tank, found that over the past five years, wages for low-wage workers rose 13 percent in states that raised their minimum wages, compared with 8.4 percent in states that did not.
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But minimum wages are only part of the story. Ernie Tedeschi, an economist at Evercore ISI, estimates that the minimum-wage increases account for a quarter to a third of low-wage workers’ gains over the past three years. The rest is most likely a result of a tightening labor market that is forcing employers to raise pay even for workers at the bottom of the earnings ladder.
Ms. Gimbel noted that better-paying industries had experienced faster job growth in recent months, while the fastest wage growth had been in lower-paying industries. That could indicate that sectors like health care and manufacturing are snapping up workers, forcing retailers and restaurants to raise pay to compete.
Still, not everyone is benefiting equally. African-American workers have seen smaller gains over the course of the recovery, for example. And wage growth remains slow in some parts of the country that were hit especially hard by the recession.
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[One challenge has been to provide better-paid jobs to workers without a bachelor’s degree. Here’s a look at where to find them.]
What took so long?
Many economists were puzzled by the slow pace of pay increases because it looked as if a fundamental relationship had broken down.
Decades ago, economists observed that when unemployment falls, wages tend to rise, as companies are forced to offer higher pay to attract workers. Yet even as the unemployment rate fell from 10 percent in 2009 to less than 5 percent in 2016, wages rose slowly. Even now, with the unemployment rate near multidecade lows, wages are not rising as quickly as standard models suggest they should be.
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Economists proposed all sorts of theories to explain the mystery: Globalization and automation meant that Americans were competing against lower-paid workers overseas and against robots at home. The rising power of the biggest corporations, paired with falling rates of unionization, made it harder for workers to negotiate for higher pay. Sluggish productivity growth meant that companies couldn’t raise pay without eating into profits.
The recent uptick in wage growth suggests a simpler explanation: Perhaps the job market wasn’t as good as the unemployment rate made it look.
The government’s official definition of unemployment is relatively narrow. It counts only people actively looking for work, which means it leaves out many students, stay-at-home parents or others who might like jobs if they were available. If employers have been tapping into that broader pool of potential labor, it could help explain why they haven’t been forced to raise wages faster.
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It appears as if that is exactly what is happening. In recent months, more than 70 percent of people getting jobs had not been counted as unemployed the previous month. That is well above historical levels, and a sign that the strong labor market is drawing people off the sidelines.
“You look at those people who do not want a job, people who were out of the labor market due to disability, all of those people are coming back in,” said Adam Ozimek, an economist who has studied the issue.
Several years ago, Mr. Ozimek discovered that with a broader definition of unemployment — lacking a job, for any reason, while in one’s prime working years — wage growth had been in line with historical expectations throughout the recovery. That relationship has held up as the job market has improved. In other words, he argued, the wage-growth “mystery” wasn’t a mystery at all.
There are signs that wage growth has leveled off recently. The employment cost index, a more sophisticated wage measure that accounts for changes among the industries that are hiring, rose a bit more slowly in early 2019 than it did in late 2018, the Bureau of Labor Statistics reported this week.
The most potent threat to wage growth, however, may be an end to the decade-old economic expansion. The 2008-9 recession cut short the last recovery just as wages were beginning to pick up. And while most economists see little risk of a recession today, even a modest slowdown could make companies cautious about handing out raises, said Julia Pollak, an economist for the job site ZipRecruiter.
“You need two things” for wage growth, Ms. Pollak said. “You need labor-market tightness and also employer optimism about demand.” If that optimism fades, she said, wage growth could go with it.
Ben Casselman writes about economics, with a particular focus on stories involving data. He previously reported for FiveThirtyEight and The Wall Street Journal. @bencasselman • Facebook
- Aug 1, 2004
- 70,047
- 24,226
I guess the bar is that low when it comes to the GOP.naysayers were predicting 1% ish...
- Jul 29, 2012
- 4,992
- 5,815
3.2% (minus inflation 1.5%). Consumer price index going up, cost of living up.
Adjusted for inflation wages been stagnant for 30 years. 3%?! 3?!
Adjusted for inflation wages been stagnant for 30 years. 3%?! 3?!
All the lobbying and protesting over the years to bring up minimum wages is main driving force. We beg and plead and they throw a bone...
- Jan 30, 2007
- 23,386
- 6,006
Economy is doing great? For who?
- Aug 7, 2012
- 2,730
- 2,257
60k in NYC is poverty IMO. To put in perspective, 60k is around 28/hr, but taxed at the 22% tax bracket while minimum wage is 15/hr taxed at only a 12% tax bracket.
That's only a few hundred bucks a week above minimum wage, in a city with probably the highest COL in the US.
Also these freelance driver jobs are non CDL.
Economy is weak af.
mplsdunk
Supporter
- May 25, 2004
- 36,052
- 56,347
I know it’s not ****, especially when you factor in the 70 hour work weeks and constantly having to shop at truck stops (super expensive).
You can thank the deregulation in trucking for that.
Trucking used to be a good job, wages are trash now and they wonder why no young people want to drive a truck.
- Aug 7, 2012
- 2,730
- 2,257
70 hours! May as well work at Starbucks at that point
