Survey of company execs: US pay likely to stagnate (AP) U.S. workers face a dim future, with stagnant or falling pay and fewer openings for full-time jobs. That’s the picture that emerges from a survey of Harvard Business School alumni. More than 40 percent of the respondents foresee lower pay and benefits for workers. Roughly half favor outsourcing work over hiring staffers. A growing share prefer part-time employees. Nearly half would rather invest in new technology than hire or retain workers. At the same time, it’s becoming harder for the executives to find skilled workers, according to the survey results being released Monday. Jan Rivkin, one of the survey’s lead authors, suggested that a failure by companies to develop a skilled workforce could ultimately hurt those companies and the competitiveness of the U.S. economy. “The bleak picture facing middle and working class Americans are the canary in our coal mine,” said Rivkin, a Harvard business professor. “Eventually, that will come back to haunt business.” The survey reflects the unevenness of the recovery from the Great Recession. Since the recession officially ended more than five years ago, many of the gains in employment, income and wealth have failed to circulate through the entire economy. Few workers have received meaningful pay [...] newsinfl/survey-of-company-execs-us-pay-likely-to-stagnate/
Posted on: Mon, 08 Sep 2014 13:03:14 +0000
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