Job Market Monitor
Minimum wage
Minimum Wage – Any evidence of a negative employment effect is not robust
There is a huge body of empirical research on the employment effect of the minimum wage that has failed to clearly demonstrate the negative effect that so many economists strongly believe to find. This paper reviews the reasons for this and argues that the literature needs to re-focus to further our knowledge on the topic. … Continue reading
$15 Minimum Wage Proposals in US – Pieces on the raging debate
The plans to raise the minimum wage to $15 in California and New York are ambitious and welcome at a time when the eroding value of the federal minimum wage means more and more working families can afford less and less. California’s minimum wage would reach $15 in 2023 for all employees and in 2022 … Continue reading
A 15 $ Minimum-Wage – Would yield $17.08 worth of purchasing power in Macon, Georgia, but only $12.26 in New York City
Price disparities can make a big difference when it comes to comparing wages. When we discussed this subject in a previous post, we found that a $15 nationwide minimum wage would yield $17.08 worth of purchasing power in Macon, Georgia, but only $12.26 in New York City, once the differing price levels in the two cities were taken … Continue reading
Minimum Wages in US – Business executives support the increase internal survey shows
Whenever minimum wage increases are proposed on the state or federal level, business groups tend to fight them tooth and nail. But actual opposition may not be as united as the groups’ rhetoric might make it appear, according to internal research conducted by a leading consultant for state chambers of commerce. The survey of 1,000 … Continue reading
National Living Wage in UK – The biggest year-on-year increase since 2001
“Britain deserves a pay rise,” George Osborne declared last year. And what a pay rise. The British chancellor announced a “National Living Wage,” where those aged 25 and over will see their minimum pay jump from £6.70 ($9.63) to £7.20 ($10.30) an hour. The increase—the biggest year-on-year increase since 2001—comes into force today (April 1).The … Continue reading
Minimum Wages in US – Wages for low-wage workers rose faster in states that increased it
In 2015, wages for low-wage workers rose faster in states that increased their minimum wage than in states that saw no minimum wage increase. Working people in states that increased the minimum wage through legislation—which led to larger increases than indexed increases—saw the biggest boost to their wages, regardless of gender. Women, however, benefited slightly … Continue reading
Welfare, Universal Credit and Wages in UK – Minimum wage not as effective as transfer payments at alleviating income poverty
Duncan Smith’s resignation letter (a former British Cabinet Minister) laid this divide bare: “There has been too much emphasis on money saving exercises and not enough awareness from the Treasury, in particular, that the government’s vision of a new welfare-to-work system could not be repeatedly salami-sliced.” In typically dramatic fashion, last year Osborne jacked up … Continue reading
From Low Pay to Higher Pay in UK – People who are on low pay more likely to be in employment in the future than the unemployed or not in the labour force
There is a sizable body of literature examining low paid employment with a focus on state- dependence of low pay – that is, whether and to what extent current low paid employment increases the probability of remaining in low pay in the future. The interest in state-dependence of low pay arises from a concern that … Continue reading
Low Paid Workers in Scotland – What matters to low paid workers in relation to decent work
The nature, experience, security and rewards from work have changed significantly in recent decades. Increasingly, large numbers of people experience work which is insecure and which is paid at levels which do not allow families to live above the poverty line. In Scotland, around half of working age adults experiencing poverty live in working households. Discussions … Continue reading
Minimum wage in US – If adjusted for inflation, the minimum wage of 1968 would be $10.90 today
If adjusted for inflation, the minimum wage of 1968 would be $10.90 today. That is a whopping reduction of the federal minimum wage by a third. It’s worth noting that the unemployment rate was 3.6 percent in 1968 with a higher real minimum wage. So the unemployment rate is higher today — at 5 percent … Continue reading
US – Republican presidential candidates on the minimum wage
The most recent Republican presidential debate coincided with a nationwide day of action from the Fight For $15, a grassroots movement advocating for higher minimum wages. To Fox Business anchor Neil Cavuto’s credit, he seized this opportunity to ask the candidates a simple question: “Are you sympathetic to the protesters’ cause?” The answer was a … Continue reading
Refugees in Germany – No minimum wage suggest top economic advisers
Berlin’s top economic advisers have recommended suspending the country’s minimum wage requirement to make refugees more attractive to employers. Easing access to the job market will help them integrate quicker, they say. The German economy is strong enough to stem the costs of the refugee crisis, the country’s economic “wise men” said in their annual … Continue reading
Minimum Wage in UK – Women, pensioners and part-time workers to gain most from increases
Women, pensioners and part-time workers stand to gain most from increases in the minimum wage, new research shows. One-in-three working women will benefit from the Government’s plans to introduce a national living wage, according to new research. Six million workers, representing about a fifth of all employees, will see their pay lifted by the end … Continue reading
Minimum Wage Around the World – A Chart for OECD’s 34 member countries
Supporting low-wage earners is one of the keys to promoting inclusive growth, and minimum wages are a common if sometimes controversial way of doing it. Of the 34 countries that are members of the Organisation for Economic Co-operation and Development (OECD), 26 have a minimum wage – 9 of which have been introduced since 1990. … Continue reading
Seattle’s $15 minimum wage – The negative employment effects
Recall, we’re not insisting that a rise in the minimum wage will reduce the number of jobs in the economy, nor even in a sector of it. We’re saying that once we isolate out only the effect of the minimum wage rise then we will see that there are fewer jobs as a result of … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 