Economist Ted Bauman Explains Why Employees Have Been Getting Left Behind Since 1976

Ted Bauman is an economist who presently lives in the Atlanta, Georgia region. He has spent most of his professional career working for nonprofits, primarily those who provide housing options to low-income households. He now writes about investing in a careful manner which preserves assets while attaining growth. He also writes about how to maintain privacy in an ever more connected world where the government and large corporations want to pry into the things that you do. Additionally, he writes about international migration including both its causes and effects.

About five years ago Ted Bauman joined Banyan Hill Publishing. He writes three newsletters with each primarily focused on a different subject. He says that he wants his writing to add value to what Banyan Hill offers subscribers. He enjoys writing about essential topics from the point of view of an economist which are written in a way that brings people coming back for more. He says that some of the topics he covers are mundane but, with great writing, people can learn about these important subjects and connect how they play into their daily lives.

A new trend that Ted Bauman has identified is how labor shortages no longer bring about increased wages. This is the opposite of how it’s always been where companies need to increase wages during labor shortages in order to attract talent and retain existing good employees. Somehow this is no longer the case and employers continue to offer as little as possible both to existing and new employees. Why this is the case is something that he has deeply explored.

It’s been since 1976 that companies have been able to not significantly increase the wages companies pay their employees, reports Ted Bauman. This is despite productivity exploding since that year. Productivity has gone up by 74% since 1976 while wages only went up by 12%. He has written that its the shareholders of companies who now benefit from increased productivity as well as the senior management. Employees have been left behind while employers and major shareholders use every means possible to influence public policy so that the status quo continues to benefit just them.

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