• kautau@lemmy.world
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    1 year ago

    Average hourly earnings rose 0.2% for the month and 4.2% from a year ago,

    Oh cool, but also the inflation rate in 2022 was 6.5%, so again, company profits are going up and people are taking home less pay, generally. Love these “feel good” articles about how well corporations are doing

    • Khanzarate@lemmy.world
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      1 year ago

      Addendum, the article states wage growth was slightly under expectations, which means it must be new hires, since if it was a staggering amount of overtime, that’d be its own headline.

    • Khanzarate@lemmy.world
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      1 year ago

      The standard “payroll” is the money going out to people. A doubling of a payroll could mean twice the employees, twice the wages, or anything in-between. You could also increase your payroll by working someone for more hours, since it’s just the money a business pays. It isn’t adjusted by wages or overtime or anything like that, it’s the raw number.