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Ted Bauman: Factors That Influence Wages

Since the Trump administration has taken office the American economy has been growing at an increasingly rapid pace. In fact, in the year 2017, the United States experienced a 2.3% rise in their gross domestic product. Over the next several months the revenues of many corporations within the borders of the United States of America can expect to experience large increases in their revenue streams. This has led to an increase in the value of  assets and investments. However, despite the growth in the American economy wages have not experienced much of an increase, however, there has been a large increase in the number of jobs.

Ted Bauman has written a number of an investment advice columns and articles for Banyan Hill Publishing Company and is considered one of the world’s leading experts on asset protection. Ted Bauman has recently published an article where he examines the factors that influence wages. Ted Bauman believes that increased wages can lead to a huge increase in demand for products and can help to maximize the benefits of competition as well as increasing the growth of the US economy.Ted Bauman states that since 2017 there has been a large decrease in the unemployment rate in the United States.

Traditionally economists have stated that lowered levels of unemployment will lead to an increase in wages however this has not been seen yet as most corporations are trying to increase their short term earnings. He cautions that this strategy could eventually backfire as the overall demand for products is limited by the average wage of workers in the nation.Ted Bauman has stated that there are a few ways that workers may be able to negotiate in order to get better wages. One of the most popular ways is to organize workers into unions that are able to negotiate for better pay. However, the total number of workers in the United States that belong to a union is at the lowest point over the last 20 years. He believes that for corporations to continue experiencing the growth that they desire they should begin to better compensate their workers.

Sources of article: https://www.bizjournals.com/southflorida/potmsearch/detail/submission/6455842/Ted_Bauman

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