Wage Inflation In Lakewood

[yzj]

When the printing of money is out of control, real assets go up. Heavily popular frum areas are never that affected by housing declines

Frum areas appear to have their own dynamics but are almost always affected to some degree by the macro environment. For example, the wage inflation that Lakewood is seeing with everyone complaining about girls fresh out of seminary asking for outsized hourly rates is mirroring the national trend of wage inflation. It may not go in lockstep, and the explosive growth of healthcare and other industries in Lakewood is a factor, but the trend is larger than Lakewood nonetheless.

[Euclid]

the wage inflation that Lakewood is seeing with everyone complaining about girls fresh out of seminary asking for outsized hourly rates

Cry me a river (not you personally). This is after the past 10-15 years that these Lakewood companies have been exploiting young girls/women by paying them bubkas and building massive companies on their backs.

[yzj]

Cry me a river (not you personally). This is after the past 10-15 years that these Lakewood companies have been exploiting young girls/women by paying them bubkas and building massive companies on their backs.

It’s just an observation, not an opinion. The massive companies are pulling in money hand over fist so they are paying six figures to mid level employees without batting an eyelash. The smaller guys, non-profits, etc. are the ones getting hit. Again, to some degree mirroring the national trend:

https://www.wsj.com/articles/labor-shortage-hits-small-businesses-as-some-workers-stay-home-11621512002?mod=mhp

[smart man]

It’s just an observation, not an opinion. The massive companies are pulling in money hand over fist so they are paying six figures to mid level employees without batting an eyelash. The smaller guys, non-profits, etc. are the ones getting hit. Again, to some degree mirroring the national trend:

https://www.wsj.com/articles/labor-shortage-hits-small-businesses-as-some-workers-stay-home-11621512002?mod=mhp

Plenty of women working for years in large companies and not making 6 figures. Who’s getting the 6 figures that you’re talking about?

Imo it’s about time the wages increase to an amount that’s equal to cost of living.

[yzj]

Plenty of women working for years in large companies and not making 6 figures. Who’s getting the 6 figures that you’re talking about?

Imo it’s about time the wages increase to an amount that’s equal to cost of living.

Mostly healthcare. Anecdotaly I’m hearing that in Lakewood among those who don’t own their own business, an increasing percentage of those earning 150k plus are women.

[elazarmn]

Mostly healthcare. Anecdotaly I’m hearing that in Lakewood among those who don’t own their own business, an increasing percentage of those earning 150k plus are women.

that would make sense due to the amount of men that are learning in that area...

A nurse can make over 110K within the first three years of working. so its very possible

[smart man]

Mostly healthcare. Anecdotaly I’m hearing that in Lakewood among those who don’t own their own business, an increasing percentage of those earning 150k plus are women.

That’s not the office jobs though that are seeing the wage inflation from post sem girls and newly married women that are asking for wages that they can live a respectable life on. Cmiiw.

[yuneeq]

Plenty of women working for years in large companies and not making 6 figures. Who’s getting the 6 figures that you’re talking about?

Imo it’s about time the wages increase to an amount that’s equal to cost of living.

Women are paid well, and most don't agree with your Bernie utopia.

[smart man]

Women are paid well, and most don't agree with your Bernie utopia.

So long as cost of living didn’t skyrocket, you may be right. At the current cost of living in Lakewood, the starting salaries do not meet expenses. The proof that the wages aren’t high enough is that companies are having a harder time finding employees at their current salaries.

[yuneeq]

So long as cost of living didn’t skyrocket, you may be right. At the current cost of living in Lakewood, the starting salaries do not meet expenses. The proof that the wages aren’t high enough is that companies are having a harder time finding employees at their current salaries.

A business should not pay based on what the employees cost of living is. A woman with 10 kids should not be paid more than a woman with 1 kid or a man with 5 kids. If they have the same skill set they should get paid the same. Period. Any other arrangement is unfair and subject to getting sued for discrimination.

Regarding finding employees, I am in that market and I don't get resumes from women for many positions. For the ones I do, they get paid extremely well and are in control of what they get paid. Companies around the US can't find enough employees because anyone near the bottom of the payscale is getting paid more to do nothing.

[lcm]

A business should not pay based on what the employees cost of living is. A woman with 10 kids should not be paid more than a woman with 1 kid or a man with 5 kids. If they have the same skill set they should get paid the same. Period. Any other arrangement is unfair and subject to getting sued for discrimination.

Regarding finding employees, I am in that market and I don't get resumes from women for many positions. For the ones I do, they get paid extremely well and are in control of what they get paid. Companies around the US can't find enough employees because anyone near the bottom of the payscale is getting paid more to do nothing.

Very well said.
Can anyone honestly explain the other way of doing things?

Thread split?

[yuneeq]

Thread split?

Definitely should be split, requested from mod

[Euclid]

A business should not pay based on what the employees cost of living is. A woman with 10 kids should not be paid more than a woman with 1 kid or a man with 5 kids. If they have the same skill set they should get paid the same. Period.

Happy to hear that things changed/are changing.
This was definitely not the standard operating procedure in the past. Things were much more "yeshivish".

[aygart]

Happy to hear that things changed/are changing.
This was definitely not the standard operating procedure in the past. Things were much more "yeshivish".

As were the employees

[flyingace]

Plenty of women working for years in large companies and not making 6 figures. Who’s getting the 6 figures that you’re talking about?

Imo it’s about time the wages increase to an amount that’s equal to cost of living.

Not talking to manager levels, but starting salaries for office jobs in Lakewood is higher than average. National average for office managers is around 20/hour. They're offering that to sem grads with no experience.

[smart man]

A business should not pay based on what the employees cost of living is. A woman with 10 kids should not be paid more than a woman with 1 kid or a man with 5 kids. If they have the same skill set they should get paid the same. Period. Any other arrangement is unfair and subject to getting sued for discrimination.

Regarding finding employees, I am in that market and I don't get resumes from women for many positions. For the ones I do, they get paid extremely well and are in control of what they get paid. Companies around the US can't find enough employees because anyone near the bottom of the payscale is getting paid more to do nothing.

True. But if starting salary doesn’t meet cost of living there’s going to be issues.

[smart man]

Not talking to manager levels, but starting salaries for office jobs in Lakewood is higher than average. National average for office managers is around 20/hour. They're offering that to sem grads with no experience.

Wow they must be tzaddikim.

[yzj]

Not talking to manager levels, but starting salaries for office jobs in Lakewood is higher than average. National average for office managers is around 20/hour. They're offering that to sem grads with no experience.

My cleaning lady gets $15. What’s the national average for an undocumented menial position?

[moko]

Women are paid well, and most don't agree with your Bernie utopia.

not sure where you're getting this from. Most service/staffing companies I work with have COL increases built into their contracts.

[AsherO]

not sure where you're getting this from. Most service/staffing companies I work with have COL increases built into their contracts.

COL increases are about the buying power of the salary, not the employees familial situation.