Ted Bauman Explains The Consequences Of Depressed Wages

Ted Bauman joined Banyan Hill Publishing after having served in the nonprofit industry for almost 25 years. He writes three publications which focus on low-risk investing, international migration, and how to lead a truly sovereign life. He earned postgraduate degrees in both history and economics at the University of Capetown in South Africa. He returned to the United States in 2013 and now lives with his family in the greater Atlanta, Georgia, region.

He acknowledges that topics like finance and asset protection are pretty mundane topics to read about. However, Ted Bauman says that these are also really important topics that people need to know about. He works hard to write about these issues in a way that people will want will want to keep reading more. He also adds in real life examples so that people can picture what he is writing about better.

An issue that Ted Bauman has recently addressed is that unemployment is near record lows and yet wages are stagnant. He wrote that not only are businesses not increasing the wages they offer but have been decreasing the wages they will pay for positions they are hiring for. Usually when unemployment is low businesses will boost the wages they offer in order to bring in talented people and keep the ones they have. This isn’t happening this time around, though.

It is short-term thinking by the management of companies that Ted Bauman says is at fault. They want to increase short-term revenue and profits. This strategy is bound to backfire, though, as lower wages means that people have less to spend. Reduced spending will harm the long-term outlook of businesses because it will decrease demand and people’s ability to buy what the company is selling.

Ted Bauman says that higher wages help the overall economy and individual businesses in a number of ways. He says that people who are well compensated are 35 more productive, for instance. People are also more motivated to work for the company and businesses have less staff turnover. Higher wages lead to more demand for products and services which increases the GDP of the nation.c Ted Bauman Explains 3 Possible Stock Market Crash Outcomes