[CoachKandSportsguy]

St Louis Fred database:
Shares of gross domestic income: Compensation of employees, paid: Wage and salary accruals: Disbursements: to persons (W270RE1A156NBEA) | FRED | St. Louis Fed
Shares of gross domestic income: Compensation of employees, paid: Wage and salary accruals: Disbursements: to persons

percentage hi in 1970 51.5%
2014: 41.9%
2019: 43.4%

So all companies have reduce the compensation by almost 10%, done with computers, and automation, as I have mentioned I have done.

The trend of lower corporate pay as a percentage of profits continues, which means that jobs are trending to senior mgmt or serfdom, and it will continue.

Data driven answer, have any offsetting data?

The point is that jobs are getting fewer, and the pay is not improving relative to the growth of the company. how? with acquisition and job elimination, with technology and job elimination. So how would advise people who have had their jobs eliminated with technology get retrained? technology? too late for that.

sportsguy

[Dana1963]

Originally Posted by DeanFL

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FRONT page/headline article of the online USA Today - right now:
COVID-19 pandemic could dampen economy for up to 70 years

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Yikes! This article is based upon a "study/Paper" by a Cambridge MA org. I'm certainly OK with reporting information, studies, research on various topics. MY concern is when it is "reported" as headline and main article. Reminds me of waiting in line at a supermarket and seeing the 'rags' with headlines "Alien Impregnated Hollywood starlet!", "Elvis found in Omaha!", "Hitler relative running for Senate!".

Many folks look at a headline, and...it's a FACT.

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first part of article - complete, in link below.

The nation is awaiting a vaccine that can halt the COVID-19 pandemic in its tracks, allowing life – and the battered U.S. economy – to return to normal.

But a new study suggests the crisis has generated fears that are likely to dampen risk-taking and economic output for decades by increasing the “perceived probability of an extreme, negative shock in the future.” Over time, the economic cost of that warier outlook is “many times larger” than the short-term damage, the study says.

The study, titled, “Scarring Body and Mind: The long-term belief-scarring effects of COVID-19,” attempts to quantify such long-term economic losses by assessing the toll taken by other economic upheavals, such as the Great Recession of 2007-09.

“While the virus will eventually pass, vaccines will be developed, and workers will return to work, an event of this magnitude could leave lasting effects on the nature of economic activity,” says the paper, which was released at the Federal Reserve Bank of Kansas City’s annual conference last week. “Businesses will make future decisions with the risk of another pandemic in mind.


COVID-19 pandemic creates fears that may constrain economic growth
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We may see the way Corporations change with Covid more Companies have employees telecommuting. Quite possibly we will see a glut in OFFICE SPACE for 6 months we have seen this with corporations not expecting a return of employees to traditional work locations maybe early 2021. Most offices are leased do to tax incentives the same productivity can be achieved with work at home. The ones with Real Estate will be left holding the bag. We have seen similar with shopping malls same can be achieved with shop from home with free delivery again property owner left holding the bag.

[Dana1963]

Just an added note to us locally. “ Lack of commercial demand fuels Developer’s desire for apartments at Spanish Springs”

[Stu from NYC]

This will hurt commercial real estate for years. Companies finding they do not need all the space they have let their employees work from home instead.