Job Market Monitor
Politics & Policies
Singapore – 12,700 Employers registered with National Jobs Bank
80 per cent of employers are actively posting job vacancies, and the Workforce Development Agency will continue to work with various stakeholders to drive the adoption and use of the Jobs Bank among employers, said Manpower Minister Tan Chuan-Jin. Chosen excerpts by Job Market Monitor. Read the whole story at 12,700 employers registered with National Jobs … Continue reading
US – Minimum Wages by State in 2014
The table below reflects state minimum wages in effect for 2014, as well as future increases. Summary Minimum wages will go up in nine states on Jan. 1, 2015 because of indexed increases in their state law: Arizona, Colorado, Florida, Missouri, Montana, New Jersey, Ohio, Oregon, and Washington. 38 states introduced minimum wage bills during the … Continue reading
UK – More workers trapped in minimum wage jobs
A growing number of employees are trapped in minimum wage jobs, according to a report that illustrates the hollowing out of Britain’s labour market. One in 20 employees earned only the minimum wage in 2013, the highest proportion since its introduction, according to the Resolution Foundation, a think-tank. It also highlights the “shadow effect” of … Continue reading
China – An increase in the minimum wage leads to a small decline in employment research finds
Our study is the first to use data on minimum wage changes for over 2400 counties in China. We combine the information on minimum wages changes with employment data from the Annual Survey of Industrial Firms, which covers over 70 percent of China’s manufacturing employment. While China instituted a minimum wage system in 1994, enforcement … Continue reading
Inequality in US – The average greenhouse gas footprint of the top 2% of the income distribution is more than four times that of those in the bottom quintile
This paper describes the creation of a database providing estimated greenhouse gas (GHG) footprints for 6 million US households over the period 2008-2012. The database allows analysis of footprints for 52 types of consumption (e.g. electricity, gasoline, apparel, beef, air travel, etc.) within and across geographic regions as small as individual census tracts. Potential research … Continue reading
The Political Stance of Monetary Policy in US – Janet Yellen on Inequality
No doubt there are some political risks here. But was she supposed to remain silent on inequality for her entire tenure? For the Chair of the nation’s most powerful economic institution to ignore one of most powerful economic trends of our time would be close to a dereliction of duty. Arguments are raging over the … Continue reading
United Arab Emirates – Migrant domestic workers trapped, exploited, abused says Human Rights Watch
Migrant domestic workers in the United Arab Emirates (UAE) are beaten, exploited, and trapped in forced labor situations, Human Rights Watch said in a report released today. The UAE government, about to take up an influential new role in the International Labour Organization (ILO), has failed to adequately protect female domestic workers – many of … Continue reading
EU – An ambitious climate and energy package to create jobs and support businesses is needed says unions and corporate leaders
Leader of European Trade Union Confederation joins major brands, including Philips and Shell, calling for ambitious climate and energy package to create jobs and support businesses. Nearly a million potential jobs will be lost if EU leaders fail to agree strong climate and energy targets at a summit starting on Thursday, according to the head … Continue reading
Sweden – To stop attacking the unemployed and instead attack unemployment
Sweden’s new government is targeting a “paradigm” shift for job creation in the largest Nordic economy as it raises spending and scrapped plans for reaching the surplus target. The new Social Democratic-led government today unveiled plans to spend almost 20 billion kronor ($2.7 billion) over the next two years to cut Scandinavia’s highest unemployment rate. … Continue reading
Minimum Wage in US – Raising the federal minimum would save safety net programs billions
This issue brief examines the use of public assistance programs by low-wage workers and assesses how raising the federal minimum wage to $10.10 over three years—as proposed by the Fair Minimum Wage Act of 2014, a bill introduced by Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.)—could affect utilization rates, benefit amounts, and government … Continue reading
Monetary Policy in US – Underutilization of labor worse than the official statistics suggest
Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours. As a result, the “significant underutilization of labor resources” that Fed officials highlighted last month as they … Continue reading
Unemployment in US – The largest drop in the rate between a presidential and midterm elections on records
Midterm elections often end up serving as a referendum on the president’s performance. Given this, I’ve been surprised not to hear Democrats more aggressively trumpeting the improving economy. After all, the unemployment rate has fallen by two percentage points since the last election, and at 5.9 percentage points it is far lower than many had … Continue reading
Universities in Denmark – Cutting thousands of positions within faculties that don’t lead to work
Denmark is addressing youth unemployment by revolutionising the university system. It is cuttingthousands of positions within faculties that don’t lead to work, starting from humanities and social science courses, which will be first in line for the chop. There are currently 15,000 Danish students enrolled on courses with poor employment prospects. The government wants to … Continue reading
US – 62 percent of employers think minimum wage should be increased finds CareerBuilder
– 55 percent of employers think a fair minimum wage is at least $10 per hour or more; 1 in 10 don’t think a minimum wage should be set – 53 percent of employers say a higher wage would increase consumer spending – All major industries surveyed support a minimum wage hike, including retail and … Continue reading
Federal Minimum Wage in US – 62 months since the last increase and more facts
As the debate continues in Congress and in states, here are … numbers to help you understand what it means to be making the federal minimum wage, and why it’s long past time for an increase: 62 The number of months since the last minimum wage increase, in July 2009. 12 The number of months … Continue reading
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