Vast Majority of American Workers Experiencing Real Wage Gains

Vast Majority of American Workers Experiencing Real Wage Gains

WHAT:           The National Association of Manufacturers’ 10th Annual Labor Day Report provides a snapshot of the past year’s economic trends as they relate to American workers.  The 2007 report highlights how rising incomes are cushioning the impact of the housing downturn.  David Huether, the NAM’s chief economist and report’s author says this downturn has been mainly offset by export-led growth and strong business investment.

While employment growth has slowed over the past year, manufacturing employees’ real hourly compensation is rising and is now 30 percent higher than the average American worker.

These competitive salaries are mainly a result of the manufacturing industry transforming into a high-tech workplace and requiring specialized and skilled workers.  Yet Huether’s study points to a lack of qualified workers as one of the most serious problems for manufacturers.

WHO:             David Huether, Chief Economist – National Association of Manufacturers

WHEN:           10:00 a.m. EST — Tuesday, August 28, 2007

INTERVIEWS:

David Huether will be available for interviews to discuss rising incomes for America’s manufacturing workers and the growing skills gap that makes it increasingly difficult for industry to find qualified workers.

RESOURCES:

The NAM’s legislative proposal to develop a high-performance workforce is at: www.nam.org/highperformanceworkforce

The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
hr.com. human resources management resources for hr professionals. | HR menus | HR events | HR Sitemap