Opinion | COLA Doesn’t Bring Much Refreshment

From WSJopinion: Automatic wage hikes can’t keep up with inflation. They can only fuel it further, writes Bill Lane

Potomac Watch: With ‘Build Back Better’ Chuck Schumer seems to be expecting a Christmas miracle. He’d be better off taking a leaf from Joe Manchin’s book. Images: Getty Images Composite: Mark Kellyto resurrect a 1970s-era benefit in its labor agreement with the United Auto Workers last month. The wages of the company’s union workers will be directly tied to the consumer-price index, and cost-of-living adjustments will help insulate union members from the negative effects of inflation.

The rediscovery of these adjustments could be a harbinger. But John Deere uniquely may be able to pass labor cost increases on to its customers. The company boasted it was able to raise prices 8% on large farm equipment during its most recent fiscal year. It isn’t clear whether other industrial companies plan to follow John Deere’s lead, but for those contemplating a similar move, allow me to share a cautionary tale.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion | Xi Jinping Doesn’t Know What to Do After Popping a Real-Estate BubbleFrom WSJopinion: Xi Jinping wants to raise living standards while limiting the 'barbaric growth of capital.' Good luck, writes josephsternberg.
Read more »

Here’s How Many Minutes of Running It Takes to Boost Your MoodA new study suggests it doesn’t require much aerobic exercise to feel an emotional lift.
Read more »

The Biggest Lies About Renewable EnergyFrom YaleE360: No, renewable energy doesn’t lead to blackouts—and it doesn’t need fossil fuel “backup” to operate a grid 24/7 year-round.
Read more »

Kim Kardashian Just Filed Docs Detailing Exactly Why She Doesn’t Want to Get Back With KanyeKim Kardashian files documents requesting to be legally single and says no counseling or reconciliation will repair marriage to Kanye West.
Read more »

RHOC’s Heather Felt ‘Betrayed’ by Production After Rumor About Her Husband’s Medical LawsuitShe thought a cast member committed a 'huge violation' to bring the lawsuit to the show.
Read more »

Nicole Ari Parker Is SATC’s New GuardThe actress brings an energy that stays true to the show’s spirit.
Read more »