Job Market Monitor
Minimum wage
US – Yellen backs CBO’s minimum wage report
Federal Reserve Chairwoman Janet Yellen in Senate testimony subtly slapped the White House, which criticized a recent Congressional Budget Office report on the minimum wage, saying it didn’t represent a consensus among economists. The CBO report said raising the minimum wage would lift 900,000 people out of poverty, but would also lead to the elimination … Continue reading
US – The White House economic case for raising the minimum wage
The minimum wage helps support family incomes, reducing inequality and poverty, but as a slide deck from the Council of Economic Advisers shows, as the real value of the minimum wage has been allowed to erode, it has stopped serving this important purpose. via The Economic Case for Raising the Minimum Wage. Related articles Minimum Wage … Continue reading
Minimum Wage Estimated Impacts in US / CBO Director defends position
A number of economists from the White House and beyond have criticized a CBO report on the effects of potentially boosting the minimum wage to $10.10 an hour. But CBO Director Douglas Elmendorf isn’t backing off. Congressional Budget Office Director Douglas Elmendorf defended a controversial report on the minimum wage Wednesday, amplifying a debate that … Continue reading
Minimum Wage Increase in US / The CBO’s estimates of the effects on employment and family income
Increasing the minimum wage would have two principal effects on low-wage workers. Most of them would receive higher pay that would increase their family’s income, and some of those families would see their income rise above the federal poverty threshold. But some jobs for low-wage workers would probably be eliminated, the income of most workers … Continue reading
US / 72 percent approve minimum wage hike, including a majority of Republicans pool says
Voters support raising the federally mandated minimum, 72 percent to 27 percent, including a majority of Republicans, who support it 52 percent to 45 percent, according to a Quinnipiac poll out Wednesday Continue reading
Minimum Wages and Living Wages in US / A map
The map and chart below show how close each state’s new minimum wage comes to reaching a living wage, meaning one in which a worker can cover food, housing, utilities and other basic expenses. In some cases it\’s not very far at all: Many of the states that raised their wage floors Wednesday still have … Continue reading
Unemployment and Minimum Wages in Europe, 2013 – A Table
Unemployment and Minimum Wages in Europe, 2013 via Stephen Hicks, Ph.D. » Table: Unemployment and Minimum Wages in Europe, 2013.
US / Low-paying jobs and the minimum-wage battle
The new attention to the struggle of the country’s lowest-paid workers reflects one of the more dissatisfying aspects of the current economic recovery. Since 2009, 54 per cent of the new jobs created in the U.S. have been low-wage positions, according to an analysis by EMSI, an employment research firm. In the ten occupations where … Continue reading
US / Fast-food strikes aim at 100 cities
Protesters are calling for $15 an hour, although many see the figure as a rallying point rather than a near-term possibility Continue reading
US / The Minimum Wage in graphs
With all that talk about the minimum wage, we thought a little context would be useful. Here\’s a breakdown of minimum wage workers in a few key categories, along with a breakdown of all hourly workers, for comparison. Nationwide, minimum wage workers: Chosen excerpts by Job Market Monitor. Read the whole story at via Here’s Who … Continue reading
US / Minimum Wage Rates for 2014
Minimum Wage Rates for 2014, Listed by State Alabama: $7.25 Alaska: $7.75 Arizona: $7.90 Arkansas: $7.25 California: $8.00 (increase to $9.00 on July 1, 2014 and $10.00 on January 1, 2016) San Francisco: $10.74 San Jose: $10.15 Colorado: $7.78 (increase to be announced January 1, 2014) Connecticut: $8.70 ($9.00 effective January 1, 2015) Delaware: $7.25 Florida: … Continue reading
Bangladesh / A raise in minimum wage ?
Bangladesh’s garment factory owners are pencilling in a minimum wage increase of about 50 to 80 percent and will ask retailers to pay more to defray the cost, as the government tries to end a wave of strikes that hit nearly a fifth of workshops last month. The world’s second largest clothing exporter hopes to … Continue reading
Ontario / Numbers of minimum-wage workers more than double in eight years a study finds
Major shifts in the economy pushed more of Ontario’s workforce into minimum-wage jobs — more than double the share from nearly a decade ago, a new study shows Continue reading
UK Apprentices / Nearly a third not paid the legal minimum wage in 2012
Nearly a third of apprentices were not paid the legal minimum wage in 2012, according to information published by the department for Business, Innovation and Skills this afternoon Continue reading
Switzerland / Enough signatures for a vote on a monthly minimum wage of $2,800 (2,500 Swiss francs)
Some 120,000 Swiss signatories have put their names to a petition demanding a monthly minimum wage of $2,800 (2,500 Swiss francs) for every single member of the working adult population. Enough names have been collected for a government vote Continue reading
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