Job Market Monitor
Minimum wage
N.J. / Democrats raise minimum wage to $8.50
So much for the bipartisan lovefest brought on by Hurricane Sandy. Democrat and Republican senators clashed Monday over a proposal to raise the state’s minimum wage to $8.50 from $7.25 and provide for annual cost of living increases. The Senate Budget committee advanced the bill by a 7-6 vote, and the Senate is expected to … Continue reading
Raising the minimum wage would be good for our economy
A higher minimum wage not only boosts workers’ incomes—something that is sorely needed to boost demand and get the economy going—but it also reduces turnover and shifts businesses toward a high-road, high-human-capital model. Still, some policymakers may be nervous about increasing the minimum wage while unemployment is so high. Yet, both the federal and states … Continue reading
Germany enlarges coverage of minimum wage
German Chancellor Angela Merkel’s conservatives have agreed plans to introduce a mandatory minimum wage for sectors of the economy that do not already have one, in the latest policy shift to try to win over left-leaning voters before next year’s election. Merkel’s Christian Democrats (CDU) have long opposed a blanket minimum wage, arguing that it … Continue reading
EU commission proposes ‘appropriate’ minimum wage
The European Commission on Wednesday (18 April) published an ideas paper to get Europe’s record number of unemployed into jobs and boost growth, including setting an appropriate minimum wage and shaming member states into improving work rates. A controversial suggestion is that member states should introduce an appropriate minimum wage. Most member states have … Continue reading
U.S. | Due for a raise in the Minimum Wage
Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year. That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the … Continue reading
Minimum Wage | Options for a radical reform
Professor Alan Manning, Head of the Economics Department at the London School of Economics where he has taught since 1989, takes steps back from the current annual debate about the appropriate but small rise in the value of the minimum wage to ask a bolder question: are there more radical reforms of the minimum wage that … Continue reading
Thai floods cut thousands of jobs, put many at risk | theSundaily
Flooding in Thailand last year forced more than 45,000 people out of work and has put another 164,552 jobs at risk as 284 flood-hit firms have still not reopened, the state planning agency said in a report, adding that wage increases in April could add to the problem. The worst floods in decades battered seven … Continue reading
Labour Market Reforms and Outcomes in Estonia
In this paper we analyse, on the basis of a matching model, the impact of labour market reforms enacted in Estonia over the last few years on the country’s unemployment rate, which increased markedly in the wake of the recent financial and economic crisis. The results suggest that active labour market policies, including linking unemployment … Continue reading
Towards fairness and equality for young workers: youth wages and minimum shift lengths | Australian Policy Online
This paper addresses the question of how effectively youth wages and reduced minimum shift lengths promote fairness and equality. It focuses on the majority of young workers employed on a casual or part-time basis in the retail, hospitality and fast food industries under the General Retail Industry Award 20105 (‘Retail Award’), the Hospitality Industry (General) … Continue reading
Cameron considers call to freeze minimum wage – Telegraph
The coalition has given its strongest signal so far that it is prepared to block an increase to the wages of the lowest paid workers in the country amid concern over rising unemployment. The separate minimum wage rates for young people are the most likely to be frozen to make it easier for firms to … Continue reading
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