Liberals worry that workers with specialized skills make more money
A New York Times article titled "Gap Rising as Top Workers Reap the Raises" is maybe akin to "Sun rises in the morning, roosters taken by surprise." The Times is worried that some workers are being paid more than others. They seemed surprised, as if they don't know exactly when we stopped being North Korea and started being a capitalist nation.
The same scene plays out in Robert DeMeola’s Midtown Manhattan office every few weeks now -- not that it ever gets any easier. In walks a director or senior accountant, job offer in hand, threatening to leave for a hedge fund or big bank unless Mr. DeMeola can deliver a raise of 30 percent, sometimes more.
“It used to be once a quarter. Now it’s every month,” said Mr. DeMeola, chief operating officer of CohnReznick, a national accounting, tax and advisory firm headquartered in New York. “They expect you to negotiate.”
For much less senior workers at CohnReznick, even those with a college degree or other postsecondary education, it is another story. “We never like to lose someone good, but it’s easy to teach someone those skills, and there are others in the marketplace who want those jobs,” Mr. DeMeola said.
What's wrong with our society when workers with specialized in-demand skills can demand more money while those without can't?
The very different treatment accorded employees at the very top versus those in the bottom or middle ranks has become a fact of life at corporate offices, law and accounting firms, and other white-collar bastions across the country.
The supply and demand of labor has become a fact of life!
Lawrence Katz, a professor of economics at Harvard, called the phenomenon polarization. He said it was likely to add to the growing debate over income inequality in the United States, as college graduates find themselves taking jobs that pay less than they expected to earn.
When people with more desirable job skills make more than others, that's polarization! And why should college grads take jobs paying less than they desire? Isn't that something government should be setting?
Engineers from the class of 2014 now start with salaries of $65,000 a year compared with just under $42,000 annually for liberal arts graduates.
I guess college kids planning their "Huckleberry Finn is a classic tale of homosexuality" dissertations had better rethink their majors!
“If you have an associate’s degree or a certificate in a technical field like heating and ventilation, machine repair, carpentry or plumbing,” he said, “you’ll do better than the average B.A. holder, both at the beginning and 10 years out of school.”
Do you think some of these liberal arts students would do better spending less time studying literary deconstruction and more time learning how to unclog toilets?
1) If the writer of this article really expresses shock and dismay that different workers get different salaries, based on different abilities, can the writer be anything other than a Marxist?
2) Do you think, given the chance, the writer of this article would agree to have his salary reduced to that of the average B.A. degree holder?
3) What do you think the writer of this article would make of Hillary and Bill Clinton, who make hundreds of time the average worker's salary?
This article was produced by NewsMachete.com, the conservative news site.