Money Minute: Workers' Wages Inch Up; Netflix Raises Rates

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Most workers should expect just a small increase in pay this year.

After adjusting for inflation, most employers expect to give pay hikes of zero to three percent. The good news is: that's actually better than we've seen in recent years. Inflation-adjusted pay actually fell slightly over the past three years. The outlook for hiring is slightly improved, too. The survey by the National Assocation of Business Economics shows 40 percent of employers plan to increase hiring this year.

Netflix (NFLX) is raising prices over the next month or two. It says the monthly cost of its streaming service will go up by $1 or $2, but only for new subscribers. The rate for existing subscribers will hold steady. Amazon.com (AMZN) recently raised the price for its streaming service by $20 a year to $99, but the company's Prime service also includes free two-day shipping for most Amazon purchases. You might recall, the last time Netflix tried to impose a price hike, there was a mini-rebellion, and the company quickly rescinded the increase.

The United Auto Workers unions has decided not to challenge the vote against unionizing a Volkswagen plant in Tennessee. The union dropped its appeal just before a National Labor Relations Bureau hearing Monday to review the vote by workers there back in February. They had voted down a union by a narrow margin, but the UAW alleged the vote was unfairly influenced by comments from the state's governor and one of its senators.

Here on Wall Street on Monday, the Dow Jones industrial average (^DJI) gained 40 points, the Nasdaq composite (^IXIC) rose 26, and the Standard & Poor's 500 index (^GPSC) added 7 points. The S&P is now riding a five session winning streak, its best since last October.

Finally, a book on the rising problems created by income inequality by a French economist tops Amazon's best-seller list. The book by Thomas Piketty, "Capital in the Twenty-First Century," has sold out. In fact, it has sold more copies than any other book in the 101-year history of Harvard University Press.

-Produced by Drew Trachtenberg.



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teaparty2implode

These 9 Maps Should Absolutely Outrage Southerners

http://www.huffingtonpost.com/2014/03/06/maps-of-the-south-bad-place_n_4855191.html?utm_hp_ref=mostpopular

These maps are a blatant demonstration of the absolute failure of Republican and conservative policies. And yet these people will keep voting to destroy themselves. Resentment and hatred, combined with profound ignorance, are a powerful tool that the Rs use to maintain political power.

April 23 2014 at 8:26 AM Report abuse +2 rate up rate down Reply
Tom Wilson

There’s a reason the salaries of CEO have increased faster than those of salaried employees is that the demands of both jobs have changed over time. In the 1960’s, the managers of corporations faced little global competition. They were typically middle managers who eventually ascended to the CEO position. Today, there is fierce competition from overseas, and shareholders have shown a willingness to reward managers that can provide what is called “alpha”. (Alpha value is the ability of a active CEO to generate high risk adjusted returns through their approachand their stradegy). During that same period, the skills of a salaried worker have not improved. I should also point out that not including the health and pension benefits of workers is somewhat disingenuous. When you factor in the value of employer provided health care alone (let alone salary and pensions), the total compensation for employees has more than tripled since the 1960s.

April 22 2014 at 4:50 PM Report abuse -3 rate up rate down Reply
2 replies to Tom Wilson's comment
mily469

I captured a tooth fairy. you seem like a person who would pay some cash for one. I will sell it to you cheap. cash only. contact me!!!

April 22 2014 at 7:54 PM Report abuse +2 rate up rate down Reply
1 reply to mily469's comment
Tom Wilson

I captured a tooth fairy.******* There is no doubt in my mind that you actually believe that you did.

April 22 2014 at 10:51 PM Report abuse -2 rate up rate down
mily469

what about a unicorn? I think you would love one!!!

April 23 2014 at 7:28 PM Report abuse rate up rate down Reply
ultron7777

Netflix is a bargain at $15 a month. Cable..watching corporate TV, seeing commercials, at near $200 a month?
Nope.
As for People interjecting political arguments into this thread, That is just silly whether you are a supporter of Obama or the Republicans neither party really cares about your Netflix fees.

April 22 2014 at 3:39 PM Report abuse rate up rate down Reply
d.barack

Come on Evan, you can always blame Bush and the GOP like it says in your Com / Lib Handbook !! Pretty please with some food stamps on top ?

April 22 2014 at 2:12 PM Report abuse -1 rate up rate down Reply
d.barack

Please Evan Barthold, tell us that nice fairy tale about how Obama is improving the USA, and everyone is living happily ever after. We all love feel good stories about honest politicians. ............PLEEEEAAAAAAAAASSSEEEEEEEEEE

April 22 2014 at 2:08 PM Report abuse rate up rate down Reply
d.barack

Barthold is still a Partisan Hack Dunce

April 22 2014 at 2:02 PM Report abuse rate up rate down Reply
Joseph

We are still making less in real terms than we were 30 years ago.

April 22 2014 at 1:45 PM Report abuse +6 rate up rate down Reply
1 reply to Joseph's comment
d.barack

Thanks to the 74, 000 page tax code nightmare.

April 22 2014 at 1:58 PM Report abuse rate up rate down Reply
2 replies to d.barack's comment
dajt666

no such thing.

April 22 2014 at 4:53 PM Report abuse rate up rate down
teaparty2implode

Thanks to Union busting and corporate greed which the TPGOP fully supports. They also support Corporate America to pay no taxes.

April 23 2014 at 8:11 AM Report abuse +2 rate up rate down
Dave

I was very happy to receive a 2% increase this year after receiving zero the last two years. Then they moved someone out of my department and added their work onto mine.

Now the 2% pales compared to the 98% the company is saving.

April 22 2014 at 12:19 PM Report abuse +3 rate up rate down Reply
d.barack

Miltoon, the only difference between you and Barthold, is you don't post copy paste garbage propaganda. Don't ask me for anymore praises.

April 22 2014 at 11:42 AM Report abuse rate up rate down Reply
3 replies to d.barack's comment
mily469

good news? after adjusting for inflation employers expect to give raises anywhere from ZERO to 3%. ZERO? oh thank you kind overlord!!!!

April 22 2014 at 11:33 AM Report abuse +1 rate up rate down Reply
1 reply to mily469's comment
d.barack

How much is your employer going to give you ?

April 22 2014 at 11:34 AM Report abuse -1 rate up rate down Reply
9 replies to d.barack's comment