A survey of Harvard Business School alumni reveals that respondents are convinced we’re entering a period of major wage stagnation and decreased benefits, the Washington Examiner reports.
While prospects look dim for employees, executives are seeing record bonuses and an economy slowly recovering. Median executive compensation, on the other hand, peaked at $10.5 million dollars last year for a top executive at a publicly-traded company and is expected to rise. Last year, 58 percent of executives said the U.S. economy was in danger of becoming less competitive, but this year, that number has dropped to just below 50 percent.
However, most executives still believe that purchasing more technology is more valuable than educating employees. A sizeable 46 percent said they would rather invest in more technology, while only 25 percent would prefer to invest in employee education. An additional 49 percent prefer outsourcing as a viable alternative to hiring native employees.