Job Market Monitor
Minimum wage
UK / Poll shows public support Living Wage as minimum wage standard,even if it costs jobs
The Living Wage has been one of the key tenets of Ed Miliband’s leadership of the Labour Party, and was one of his keynote policies during the leadership contest. But Miliband has always argued that the Living Wage should be different from the minimum wage – and the Resolution Foundation/IPPR agreed. I still thought that … Continue reading
Latvia / The third lowest minimum wage in EU
Latvia has the third lowest minimum wage in the European Union (EU). Only Bulgaria and Romania have smaller minimum wages, according to data by the EU statistical bureau Eurostat, writes LETA. Lithuaniahas the fourth lowest minimum wage in the EU 289.62 euros, while Estonia’s minimum wage is sixth lowest –320 euros. Eurostatdata reveals that Latvia’s … Continue reading
US / Minimum Wage Earners / None working 40 hours a week can afford rent
There is no place in the United States where a minimum wage worker working 40 hours a week can afford rent on a two-bedroom apartment. Chosen excerpts by Job Market Monitor from via Minimum Wage: Beggaring Workers does not Help Employment (Infographics) | Informed Comment. Related Posts Moderate minimum wages can do more good … Continue reading
The Minimum Wage when Employers Have Market Power
Job Market Monitor: The so-called neo-classical model assumes full employment. Workers, and minimum wage workers in that model can change job at will because there are plenty of them. Employers compete one another for rare workers… In the real world of involuntary unemployment, that is not the case of course. And the impact on minimum … Continue reading
Women Wage / The Fight That Brought the Minimum Wage
For a fourteen-year period in American history, minimum-wage laws were officially verboten in every last state of the union, having been declared unconstitutional by the Supreme Court on April 9, 1923. The case, Adkins v. Children’s Hospital, concerned a Washington D.C. law that established a minimum wage for women and children employed within the city. … Continue reading
New Jersey / Minimum Wage Bill Vetoed
As widely anticipated, on Monday, January 28, New Jersey Governor Chris Christie vetoed a bill that would have increased the state’s minimum wage to $8.50 an hour, with future increases tied to the Consumer Price Index (“CPI”). In vetoing the bill, Governor Christie instead proposed a phased-in $1 increase which he feels will better protect … Continue reading
US / Raising That Minimum Wage: Surprisingly a good policy says Krugman
The president’s call for a rise in the minimum wage from $7.25 an hour to $9, with subsequent increases in line with inflation. The question we need to ask is: Would this be good policy? And the answer, perhaps surprisingly, is a clear yes. Why “surprisingly”? Well, Economics 101 tells us to be very cautious … Continue reading
Raising The Minimum Wage : NYT’s David Leonhardt on the Economic Impact (audio)
In his State of the Union address, President Obama called for Congress to raise the minimum wage. Weekend Edition Saturday host Scott Simon speaks with David Leonhardt, the Washington bureau chief of The New York Times, about the political prospects for such a plan. Click on the image to get to the podcast via The … Continue reading
US vs OECD / Minimum Wage Is Relatively Low
President Barack Obama proposed last night that the United States raise the minimum wage to $9.00 per hour. While that may seem like a massive raise for low earners — the current minimum wage is $7.25 per hour — we learned that when accounting for the impact of inflation this would be far from the … Continue reading
Cambodia / Garment Workers / Minimum wage may rise
The Cambodia’s Ministry of Labour has scheduled a meeting on February 26 with representatives of various unions to discuss the new minimum wage for garment workers in the country. However, the Ministry expects the various workers’ unions to agree on what the new wage should be before they attend the meeting. At present, the union … Continue reading
Oman / Minimum wage raised and the number of foreign workers restricted
Oman’s parliament, the Shura Council, approved a much higher minimum wage and curbs on the employment of foreigners on Saturday, aiming to prevent joblessness again becoming a source of anger for Omani citizens. The cabinet proposed the moves last week in an attempt to spur private sector employment levels among Omanis after complaints about the … Continue reading
Indonesia / Minimum Wage / 80 percent of Companies request for exemption accepted
Hundreds of companies will be exempt from paying their employees the new minimum wage to prevent bankruptcy, the manpower and transmigration minister said on Thursday. “There are 941 companies requesting the delay of the minimum wage increase, we will grant about 80 percent of them, but please note that the delay was needed as a … Continue reading
Uganda: Minimum Wage Board being organized
The Government of Uganda has embarked on the process of constituting a minimum wage board to ensure Ugandans get rational salaries from employers. State Minister for Labour Mwesigwa Rukuntana said the board is being constituted to give the Government advice on how to fix the minimum wage and when to do it. “The board will … Continue reading
South Africa / Minimum Wage / Farm layoffs start after wage hike
South African farmers have started laying off labourers just two days after the government raised the minimum wage for the sector by 50 per cent in response to a wave of violent farm strikes, an industry official said on Wednesday. The government hiked the base wage to 105 rand (US$11.86) a day on Monday but … Continue reading
China / To raise minimum wages
China has pledged to increase minimum wages and force state-owned companies to hand over more of their revenues to the public as part of a push to tackle growing inequality.The chasm between China’s rich and poor is seen by analysts as a significant threat to political stability, with discontent over inequality spilling over into angry … Continue reading
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