Exploring Wage Stagnation, Income Inequality, and their Impact on the Blue-Collar Workforce

Brad and Steve, dissect the far-reaching effects of wage inflation and stagnation, pointing out how it goes beyond just the pocket, affecting growth and causing friction for business owners. We also shed light on the surprising social issue that degree holders might earn less than their non-degree counterparts.

What if your hard-earned degree isn't translating into the paycheck you anticipated?

Do current strategies to address wage inflation and income inequality hold the key to economic mobility for blue-collar workers?

This episode offers a deep dive into these pressing issues and potential resolutions, providing a fresh perspective on the evolving blue-collar landscape.

Highlights:

• 1:37- What’s actually happening with pay and inflation.  
• 3:57 - Why you need to have an actual conversation with your workforce around expectations of increases/bonuses? 
• 5:43 - The social issue around Blue Collar workers making more than their degree holding peers. 
• 8:41 - When new employees/interns make almost as much as veteran employees. 

Steve Doyle:

Website

LinkedIn

Email

Brad Herda:

Website

LinkedIn

Email

This podcast uses the following third-party services for analysis:

Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp
OP3 - https://op3.dev/privacy