- Quantity and quality of job availability
- Quality of the labor force in terms of education, experience, and skills
- Amount and quality of jobs outsourced overseas
- Government Regulation forcing companies to use outside, contract labor
But one of the biggest problems in wage advancement is a workforce that continues to be less educated. Today's best jobs are in high tech. Yet America's students lag in the areas of math and science and those are the prerequisite for the college programs, that will ultimately fill those high tech jobs. Without a quality workforce, employers are forced to look outside the United States for the kind of labor we need.
So, this brings us to President Trump.
Can he, as the title of the blog asks, make wages great again? The answer is probably not. He may keep some quality jobs from leaving our shores. He may also reduce regulations and their negative impact on business and wage growth. But, his biggest obstacle, will be the creation of a quality work force that meshes together with higher quality jobs. To me, this is a nearly impossible task with the current structure of education in the country. Simply speaking, Obama's own Education Department announced last fall that 60% of high school seniors were not prepared for either college, or worse yet, a career. To use one of Trump's favorite expressions: "Sad!'.
1984 to 2015 Average Wage Data: https://www.ssa.gov/oact/cola/awidevelop.html
1973 to 1983 Average Wage Data: https://www.ssa.gov/oact/cola/oldawidata.html
Behind shrinking middle-class jobs: A surge in outsourcing: http://www.latimes.com/business/la-fi-outsourcing-middle-class-jobs-20160630-snap-story.html
Temp staffing jobs hit record as firms dodge ObamaCare costs: http://www.investors.com/politics/andrew-malcolm/temp-staffing-jobs-hit-record-as-firms-dodge-obamacare-costs/
People Joining The U.S. Workforce Today Are Less Educated Than Those Leaving It: http://www.huffingtonpost.com/2013/06/18/us-workforce-education_n_3459726.html
The American Middle Class Is Losing Ground: http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/
National Center for Public Policy and Higher Education: INCOME OF U.S. WORKFORCE PROJECTED TO DECLINE IF EDUCATION DOESN'T IMPROVE: http://www.highereducation.org/reports/pa_decline/
Most High School Seniors Aren't College Or Career Ready, Says 'Nation's Report Card': http://www.npr.org/sections/ed/2016/04/27/475628214/most-high-school-seniors-arent-college-or-career-ready-says-nations-report-card
Study: Employers Hiring Freelancers To Avoid Obamacare: http://dailycaller.com/2016/05/03/study-finds-employers-are-hiring-more-freelancers-to-avoid-obamacare/