Job Market Monitor
Minimum wage
Fast-Food Workers in New-York – The $15 Minimum Wage is coming
There aren’t a lot of obscure government board meetings that warrant a watch party, let alone one with a marching band. But that’s how fast-food restaurant workers and their supporters celebrated Wednesday on a blocked-off street in Manhattan, as they watched a state panel recommended a $6.25 increase in their hourly wage, to $15. “It’s … Continue reading
University of California – To raise minimum hourly wage to $15
The University of California will raise its minimum wage to $15 per hour over the next three years for all employees, including part-time and contract workers. Under a plan unveiled Wednesday at the university’s Board of Regents meeting in San Francisco, mandated hourly pay will increase to $13 this October, then by another dollar over … Continue reading
Growing Inequalities – Linked to the decline in unionization and the erosion of minimum wages IMF finds
The rise of inequality in advanced economies, and in particular the growing concentration of incomes at the top of the distribution, has become a greater focus of attention for economists and policymakers. Understanding the factors behind this phenomenon is essential to determine whether policy action is needed to reduce income inequality, taking into account other … Continue reading
Minimum Wage Job Impact in US – The results of the vast majority of analyses cluster around zero
Finally, I’m sure that this board has heard or will hear arguments that increasing the minimum wage in fast food will lead to job losses or slower job creation. There is an enormous body of literature on the effect of higher minimum wages on jobs. Figure B shows the results of a “meta-study,” a study … Continue reading
Minimum Wage in Alberta – Going up to $11.20 on October 1
Alberta, one of the lowest payers of minimum wage in Canada, is becoming one of the highest. As part of a plan to increase Alberta’s minimum wage to $15 an hour by 2018, the province announced Monday the current minimum wage will increase from $10.20 to $11.20 on October 1st. When that kicks in, only Ontario ($11.25 … Continue reading
US – The growing movement for $15
In Part 1 of this report, we look at the portion of the U.S. workforce that currently earns less than $15 per hour in the United States. Our findings include the following: Forty-two (42) percent of U.S. workers make less than $15 per hour. Women and people of color are overrepresented in jobs paying less … Continue reading
Minimum Wage in UK – Low Pay Commission recommends 3%
The Low Pay Commission (LPC) has today recommended to the Government that the adult rate of the National Minimum Wage, which applies to workers aged 21 and over, should rise by 3 per cent to £6.70 from October 2015. The LPC’s aim is to advise on a rate that protects as many low-paid workers as … Continue reading
Walmart’s Raise – Could it raise the floor for the entire labor force ?
Remember when Walmart got panned for running a Thanksgiving food drive for its own employees—overlooking the irony of demonstrating noblesse oblige by asking customers to subsidize the workers the company itself impoverished? The retail giant took a more strategic approach last week when rolling out its latest do-gooder scheme: raising its base wage incrementally to … Continue reading
$15 minimum Wage in US – The cost increases resulting from these measures could be absorbed by the fast-food industry not only without causing employment losses study finds
Over the past few years, there has been a growing movement in the United States to substantially raise the federal minimum wage, which has been fixed at $7.25 per hour since 2009. One widely embraced goal within this movement is to raise the federal minimum to $15 an hour. This would constitute a 107 percent … Continue reading
Minimum Wage in UK – Employers underpay 100k young people Trade Unions Congress says
More than 100,000 young adults are not being paid the national minimum wage (NMW), an increase of 52% since 2010. The figures were highlighted by the Trade Unions Congress from the government’s final evidence submitted to the Low Pay Commission (LPC). It found that 35,000 more young adults were being paid below the NMW since … Continue reading
Minimum Monthly Wages in India – Could go up to Rs 15,000
The Centre plans to fix minimum national monthly wages at around Rs 15,000 for all jobs in both the formal and informal sectors in the country. * The National Minimum Wages Act, 1948, lays down minimum wages for 45 listed economic activities, which also serve as minimum wages for these activities in the states. However, … Continue reading
2015 in US – The Year of the Minimum Wage
A lot has happened in America this year. But economics columnists might well dub this “the Year of the Minimum Wage.” The year started off with a hike to $15 an hour in the area around Sea-Tac Airport; by June, Seattle’s City Council had followed suit, passing a similar increase that phases in gradually. Chicago is raising … Continue reading
Minimum Wage in Korea – 20,000 apartment guards face layoffs Unions says
Two major labor advocates estimated Tuesday that about 20,000 security guards at apartment complexes nationwide would face layoffs due to the minimum wage law, which will become fully effective on Jan. 1, 2015. As there are about 180,000 apartment security guards in the country, the estimate would amount to 11 percent to the total. The … Continue reading
Minimum Wages In Europe – Range from EUR 174 to EUR 1 921 per month
Minimum wages in the EU Member States ranged from EUR 174 to EUR 1 921 per month in July 2014 In 2014, 21 out of the 28 EU Member States (Denmark, Germany, Italy, Cyprus, Austria, Finland and Sweden were the exceptions) had a national minimum wage (see Map 1). As of 1 July 2014, monthly minimum wages varied widely, … Continue reading
Low Pay in UK – 236,000 jobs with pay less than the National Minimum Wage finds ONS
This release presents statistics on the number of jobs with pay less than the National Minimum Wage (NMW) in the UK. The NMW is a minimum amount per hour that most workers in the UK are entitled to be paid. There are different rates of NMW depending on a worker’s age and whether they are … Continue reading
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