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The new government spending could also lead to inflation, decreasing the real value of workers' wages.
But new retail technologies may diminish the value of workers' customer knowledge, in two ways.
The real value of workers' pay falls weekly as consumer prices rise.
In addition to slim bonuses this year, the value of workers' savings in company stocks has plummeted at nearly every company on Wall Street.
Inflation weakens the value of workers' wages, savings accounts and the dollar; consumer spending and overall economic activity suffer as a result.
Since last summer, however, the value of workers' benefits has also failed to keep pace with inflation, according to government data.
Similar(42)
The book also takes a critical look at America's worship of entrepreneurship and high-tech heroes and questions the value of worker retraining and higher education.
This counterintuitive result shows that susceptible individuals can foster superorganism survival, offering empirical support to theoretical arguments about the adaptive value of worker suicide in social insects.
Marginal productivity theory says that wages gravitate to the value of worker output assuming free-market valuations.
Biggs rips findings unions lean on for not factoring in the value of worker benefits.
Tens of billions of dollars will be raised by disallowing employers from deducting the full value of worker compensation that takes the form of commuter benefits, entertainment, meals and employee achievement awards.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com