Posts tagged supply and demand
How UAW’s Unrealistic Contract Demands Would Backfire on Union
September 13, 2023 // In the current talks, Fain demanded a 46% increase in base pay for hourly workers. With base wages currently ranging from a reported $17 per hour for temporary workers to $32.32 for top-scale assembly workers, the 46% jump would put the range between $24.82 and $47.18 per hour, or $51,600 to $98,100 a year in annual pay. But that’s just the start. The union is demanding a 32-hour work week, for which workers would receive 40 hours of pay. That’s like paying for five days’ worth of groceries, but receiving only four days of food. The UAW’s “pay more for less” demands would bring the true hourly range for workers to between $31.02 and $58.98 per hour. The median hourly wage for all manufacturing workers across the U.S. is $26.59 per hour. At nearly $59 per hour, UAW workers could earn 50% more per hour than registered nurses and 59% more per year than elementary teachers.
Minimum wage does maximum damage
June 22, 2023 // The demand for labor drives wags growth, and this applies to the lowest-wage jobs. But enough politicians have fooled themselves that they can mandate higher wages. Increasing the minimum wage tends to hurt the very people they say they’re trying to help.
Rising nurses’ salaries impacting Illinois hospitals
May 31, 2022 // Wilhelmi says IHA’s hospitals will do everything they can to keep all their services available, but they are at risk. He notes that is why they continue to look for other ways to reduce costs and petition the government for relief.