Lower-wage industries in Canada with more younger workers have been disproportionately impacted by the recent softening in labour demand, while higher-wage sectors have emerged as clear winners in a jobs market redefined by the pandemic. One silver lining in the Canadian labour market after the pandemic lockdowns was the strong demand for professional, scientific, and … Continue reading
As the United States emerges from the Great Recession, concern is rising nationally over the issues of income inequality, stagnation of workers’ wages, and especially the struggles of lower-skilled workers at the -bottom end of the wage scale. While Washington deliberates legislation raising the minimum wage, a number of major American employers—for example, Aetna and … Continue reading
Earlier today, Deutsche Bank’s Torsten Slok sent out this chart (right), which shows job growth by level of wages. Here’s what he has to say: “…over the past year we have seen a significant acceleration in the number of medium-wage jobs created. The bottom line is that the labor market continues to tighten and it … Continue reading
About 20.6 million people — 30% of all hourly, non-self-employed workers 18 and older — are what we call “near-minimum-wage workers,” meaning they earn more than the current minimum wage (either the federal $7.25-an-hour minimum or a higher state minimum) but less than the $10.10 hourly rate that emerged over the past year as a … Continue reading
The U.S. has more low-paying jobs than any other country in the Organisation for Economic Co-operation and Development, an economic group of 34 developed countries, according to a research note released by Morgan Stanley on Monday. Economists Ellen Zentner and Paula Campbell based their analysis on the OECD Economic Outlook Report, which documents employment and … Continue reading
As unhappy Wal-Mart (WMT) workers were getting ready to stage protests on the Friday that followed Thanksgiving in 2012, the world’s biggest retailer was threatening employees with reprisal on national TV and elsewhere. That was illegal, according to a Nov. 18 statement by the National Labor Relations Board. The decision comes two weeks before this year’s Black … Continue reading
Nearly three-quarters (73 percent) of enrollments in America’s major public benefits programs are from working families. But many of them work in jobs that pay wages so low that their pay checks do not generate enough income to provide for life’s basic necessities Continue reading
« Rising income inequality and wage stagnation threaten the future of America’s middle class » writes the Democratic staff of the U.S. House Committee on Education and the Workfororce in The Low-Wage Drag on Our Economy: Wal-Marts low wages and their effect on taxpayers and economic growth (Adapted chosen excerpts by Job Market Monitor to follow), adding that while … Continue reading
“Over the last two decades, high – and, in some countries, rising – rates of low-wage work have emerged as a major political concern” writes John Schmitt in Low-wage Lessons (Choosen excerpts by Job Market Monitor to follow) According to the Organization for Economic Cooperation and Development (OECD), in 2009, about one-fourth of U.S. workers were in low-wage … Continue reading
The term “McJob” has come to epitomize all that’s wrong with the low-wage service industry jobs that are growing part of the U.S economy. “It beats flipping burgers,” the cliché goes, because no matter what your job might be, it’s assumed to be better than working in a fast-food restaurant. Today in New York City, … Continue reading
Economy Watch – Lots of restaurant jobs; not lots of pay For all you foodies hoping to land a gig in the glamorous restaurant industry in the months and years ahead, there will be plenty of jobs to be had. The problem is, many of the jobs don’t come with a glamorous paycheck. Spring and summer hiring … Continue reading