About That Raise… US Execs Feeling Tight-Fisted
WASHINGTON — The corporate executives who decide whether U.S. workers get meaningful raises have looked at the broader economy and have a message: Don’t expect a pay increase anytime soon.
And if you’re counting on a full-time job offer in the future, your prospects may be dimming.
That’s the future that many U.S. executives envision.
A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.
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.
Gee, I wonder why that is? Hard to find people willing to work part time with no benefits for 1/300 the pay of The Boss? Unpossible!