{"id":164,"date":"2008-09-02T11:53:17","date_gmt":"2008-09-02T16:53:17","guid":{"rendered":"http:\/\/law.marquette.edu\/facultyblog\/?p=164"},"modified":"2008-09-02T15:14:10","modified_gmt":"2008-09-02T20:14:10","slug":"can-a-worker-get-a-break","status":"publish","type":"post","link":"https:\/\/law.marquette.edu\/facultyblog\/2008\/09\/can-a-worker-get-a-break\/","title":{"rendered":"Can A Worker Get a Break?"},"content":{"rendered":"

\"Boss_button\"<\/a><\/p>\n

Cross Posted on: Workplace Prof Blog<\/a><\/p>\n

Apparently, they should not expect one in 2009 (or maybe not in this lifetime).<\/p>\n

MSNBC (via AP) reports<\/a>:<\/p>\n

U.S. workers can expect skimpy raises in their base salaries next year, but top performers may still fatten their paychecks with merit compensation.<\/p>\n

A study released Tuesday by Hewitt Associates, a human resources consulting firm, found base pay will rise by 3.8 percent in 2009, marking the seventh consecutive year of flat growth.<\/p>\n

One-time performance-based pay, however, is expected to grow by 10.6 percent. That\u2019s down slightly from 10.8 percent this year and 11.8 percent in 2007.<\/p><\/blockquote>\n

Great. On our way to more pay inequality in this country and to a place where workers will have to wait longer before being able to afford retirement (Yahoo! News via AP)<\/a>:<\/p>\n

While the average retirement age remains 63, that standard may soon be going the way of the gold watch \u2014 a trend expected to accelerate as baby boomers<\/span> close in on retirement without sufficient savings.<\/p>\n

For 64-year-old John Lee, “retirement” bears a strong resemblance to his full-time working career \u2014 full of 40- and 50-hour weeks as an IT technical support specialist. He’s not strapped but likes the extra cash and the feeling of being needed.<\/p>\n

But for Melissa Fodor, a retired travel agent who works part-time as a caregiver for the elderly, the extra work “keeps my head above water” and there’s no end in sight to that financial need at age 68.<\/p>\n

Although the work is satisfying, she confides that “financially I’m kind of scared most of the time. Because what should happen if my health and my body fail?”<\/p><\/blockquote>\n

Lower wages on a yearly basis are not the only reason for individuals working longer. The ascendance of consumer driven 401(k) pension plans means that when the market suffers a downturn (like now), workers have less to retire on.<\/p>\n

Consider from your own daily experience how many more older people you see these days working at Lowe’s, McDonald’s, etc.<\/p>\n

PS<\/p>\n","protected":false},"excerpt":{"rendered":"

Cross Posted on: Workplace Prof Blog Apparently, they should not expect one in 2009 (or maybe not in this lifetime). MSNBC (via AP) reports: U.S. workers can expect skimpy raises in their base salaries next year, but top performers may still fatten their paychecks with merit compensation. A study released Tuesday by Hewitt Associates, a […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[33],"tags":[],"class_list":["post-164","post","type-post","status-publish","format-standard","hentry","category-labor-employment-law","entry"],"_links":{"self":[{"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/posts\/164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/comments?post=164"}],"version-history":[{"count":0,"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/posts\/164\/revisions"}],"wp:attachment":[{"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/media?parent=164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/categories?post=164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/law.marquette.edu\/facultyblog\/wp-json\/wp\/v2\/tags?post=164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}