( U.S. Treasury Secretary John) Snow foresees pickup in wages

[sabra]

http://abcnews.go.com/Politics/wireStory?id=1375007

Snow foresees pickup in wages

Dec 5, 2005 — WASHINGTON (Reuters) - U.S. Treasury Secretary John Snow on Monday said that a steadily expanding U.S. economy has reached a point where it should start generating good news about jobs.

"We're about at a tipping point here where we're going to see much improvement in wage rates and compensation," Snow said during an interview on CNBC television.

experts seems to have another opinion though:

http://www.chicagotribune.com/business/chi-0512050105dec05,1,1710495.story

Wages not likely to jump
Average pay raises to remain at 2005 levels, experts say

Looking for a big bump in your paycheck next year? Don't hold your breath.

For the second year in a row, wage and salary increases will average around 3.5 percent in 2006, several compensation experts predict. The good news is that the average paycheck--in theory--should keep up with inflation, which is expected to be about 3 percent next year.

The bad news is that most employees will get less than 3.5 percent. That average is driven up by very high raises expected in a few fields with acute staff shortages, including nursing and financial services.

"If you're not in a high-demand position or covered by a union agreement, maybe you'll get 1 percent or 2 percent, if anything at all," said John Putzier, president of FirStep Inc., a Pittsburgh-area human-resources firm. "It's going to be spotty."

[wryter2000]

1. Snow job

Sure, John. Yeah, right. :sarcasm:

[ixion]

2. tipping point, turning the corner

blah blah blah blah blah blah...:puke:

[NoAmericanTaliban]

3. You'll get a raise if your a corp. exec or gov't crony

& they are wondering why no one feels good about the economy.

[trogdor]

9. Yep.

Your raise: 2% (maybe)
Your boss's raise: 5%
His boss's raise: 15%

Average raise: 3.5%

[indepat]

4. Whoop-de-do!

[VegasWolf]

5. Yes, a pick up in wages in India where he has given tax breaks

to all corporations who out source American jobs to countries overseas. Snow is a complete asshole.

[matt819]

6. Administration Policy = Keep Repeating the Lies Loudly and Often (nt)

[Tempest]

7. Given Snow Job's track record

Workers will see a decrease in wages.

He's been wrong about the deficit, the effect of the tax cuts on the deficit, the number of high tech jobs estimated to be outsourced in 2003 and 2004, the number of manufacturing jobs he estimated would be created in 2004 and he predicted the trade deficit would decrease by this time.

[ShockediSay]

8. Tell it to those who were working for Ford, GM and

the Airlines.