People are living longer, with a quarter of 65 - year - olds today expected to live past age 90.1 At the same time, only 18 % of
private industry workers have a company pension to provide secure retirement income — down from 35 % in the early 1990s.2
In 2012, 30 percent of
private industry workers with access to a defined contribution plan (such as a 401 (k) plan) did not participate.
Perhaps the most respected study to date, conducted by researchers Jason Richwine and Andrew Biggs (in which they account for all variables — including the fact that teachers work on average for 180 days, while
private industry workers toil for 240 - 250 days) found that workers «who switch from non-teaching jobs to teaching jobs receive a wage increase of roughly 9 percent, while teachers who change to non-teaching jobs see their wages decrease by approximately 3 percent.»
Can't we now all agree that
private industry workers are overpaid to pad the bottom line and do something about it?
Wages & salaries of
private industry workers were also up 0.7 % (2.7 % y / y) last quarter after their 0.5 % Q4 rise.
Figure 14 shows the employment cost index measure of wages and salaries for
private industry workers, excluding incentive - paid occupations.
Not exact matches
Cohen is also at the center of a huge debate unfolding right now about raising the minimum wage, and the low pay of service
workers in the restaurant
industry, where employment has increased 72 percent since 1992, compared to job growth of 22 percent in higher - paying
private sector employment over the same time period.
Among the
private services
industries, professional - and business - services payrolls rose by 19,000 last month and have added 527,000
workers over the past year; health care added 29,000 employees in December, bringing the 12 - month total to 374,000; and leisure and hospitality added 29,000 jobs for the month and a total of 306,000 over the past year.
Elberfeld also criticized the district for paying construction
industry wages to its maintenance staff which he said «receives wages ranging from 7 to 28 percent higher «than those paid to maintenance
workers in
private industry.
Also at 11 a.m., sanitation
workers, NYC Councilman Antonio Reynoso and other elected officials call on the Council to regulate the
private sanitation
industry through legislative action, NYC Business Integrity Commission, 100 Church St., Manhattan.
Even when public employees» relatively decent pensions and health coverage are included, their total compensation still lags behind
workers in
private industry.
Nonetheless, some analysts contend that the entire system should be transformed into something akin to the 401 (k) retirement plans increasingly used by
workers in
private industry.
New York City adopted a paid sick leave law several years ago and now proponents are trying to marshal support for a similar measure in Albany County — which would extend a privilege enjoyed by state
workers and lawmakers to the
private sector, where part - time and service -
industry workers are especially unlikely to have the same perk.
NYS has lost another great
worker to
private industry.
The lineup of groups opposing a constitutional convention includes: environmental groups, gay rights organizations, New York City cops, Western New York auto
industry workers, the state chapter of the National Rifle Association, every imaginable public and
private - sector union, political leaders on the left and right and even a group called «Humanists of Long Island.»
The U.S. Labor Department said New York
private industry employers reported about 146,000 nonfatal workplace injuries and illnesses in 2012, translating to 2.5 cases per 100 full - time
workers.
The lineup of opposition groups includes: environmental groups, gay rights organizations, New York City cops, Western New York auto
industry workers, the state chapter of the National Rifle Association, every imaginable public and
private - sector union, political leaders on the left and right and even a group called «Humanists of Long Island.»
In a defined contribution plan — the 401 (k) is typical for many employees in
private industry —
workers and their employers set aside a certain amount each month and that money is invested.
And since when has the purpose of our public education system been to produce already trained
workers for
private industry?
Fairfax has more government
workers than Loudoun, but still, nearly two - thirds of residents are
private industry employees.
Your personal health information belongs to you, and health care
industry workers covered under the HIPAA rule must safeguard your information by keeping it
private.
In 2013, more than 20 percent of
private - sector
worker fatalities in the United States took place on a construction site, which means those who work in the
industry have a fairly high likelihood of being injured or killed on the job.
In
private industry, 77 percent of
workers receive the benefit, while 67 percent do in state and local government.