Categorized | General Interest

Some Workers Are Getting A Pay Raise

   Yours truly is on the road for the next couple of days so short and sweet is the theme. Someone is getting a raise:

Volkswagen employees agreed to a wage deal Tuesday that ensures them a larger share of soaring profits in the German auto industry, and may signal an end to a decade in which pay barely kept pace with inflation.

“The time for ultra-low wage increases in Germany is over,” said Jörg Krämer, chief economist at Commerzbank in Frankfurt.

   Maybe someone in the U.S. business world will catch on. Nah.

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