This tag is associated with 103 posts

US – Black workers in particular may have suffered more widespread wage losses

Census Bureau data shows that median earnings for full-time, year-round workers dropped from by nearly 3 percent for men and 1 percent for women between 2009 and 2014. While new data from the Labor Department shows that wage gains have accelerated over the past two years, that trend is only beginning to make up for … Continue reading

US – Union boost to nonunion pay has weakened

Pay for private-sector workers has barely budged over the past three and a half decades. In fact, for men in the private sector who lack a college degree and do not belong to a labor union, real wages today are substantially lower than they were in the late 1970s. In the debates over the causes … Continue reading

The Value of Apprenticeships in UK – Wages alone under-estimate the total productivity benefit

The Social Market Foundation (SMF) has undertaken research to look at what types of apprenticeships create the most value, in terms of both wages and firm performance. This in turn will help inform policy recommendations on how Government should support the next phase of the apprenticeships programme. There is strong political commitment to the apprenticeships … Continue reading

Wages Growth in US – Wage are indded growing with the decline of unemployment

Wage growth — described as slow and unconvincing by Federal Reserve officials plotting their path to higher interest rates — is more robust by some measures than commonly acknowledged due to changes in the composition of the workforce. With unemployment close to the lowest in eight years, accelerating pay gains would force Fed Chair Janet … Continue reading

Gender Gap in US – Pay drops as women take over a male-dominated field

A new study from researchers at Cornell University found that the difference between the occupations and industries in which men and women work has recently become the single largest cause of the gender pay gap, accounting for more than half of it. In fact, another study shows, when women enter fields in greater numbers, pay … 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

Productivity and Wages in US – The disconnect

The disconnect between productivity and wages really took off with the rise of financialization and cheap technology tools in the early 1980s. Chosen excerpts by Job Market Monitor. Read the whole story at “Free” Trade, Jobs and Income Inequality: It’s Not As Easy As We Might Think | Max Keiser

Gender Gap – The “unexplained” element had shrunk

Why do women make less than men? You probably know that women earn about 80 cents on the dollar compared to men (specifically, this refers to median full-time wages). You may also know that after narrowing for decades, the gender pay gap has remained essentially stuck since the 1990s. Occupation and industry now explain gender … Continue reading

Skills Gap – Wages do not reflect skills shortages research finds

Concern is growing in advanced economies, and in particular in the UK, about the ‘skills gap’: the ‘growing gulf between the skills workers possess today and the skills businesses say they need’ (Economist Intelligence Unit 2014). The concerns are often focused on shortages of workers with skills in the science, technology, engineering and maths (STEM) … Continue reading

US – Wages are lower for BA holders raised on low incomes

The proportional increase for those who grew up poor is much less than for those who did not. College graduates from families with an income below 185 percent of the federal poverty level (the eligibility threshold for the federal assisted lunch program) earn 91 percent more over their careers than high school graduates from the … Continue reading

Wages in US – Man working full-time, year-round earned less in 2014 than in 1973 in real terms

The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year. The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation. You read that right: The median male worker who was employed year-round and full time earned less in … Continue reading

US – How tight does the labor market have to get before wages really start heating up?

How tight does the labor market have to get before wages really start heating up? In Lincoln, Neb., average hourly earnings were stagnant until the unemployment rate crossed below 2.5% in the fall of 2014. Then, wages took off. Since last October, they gained as much as 10.9% from a  year earlier. The jobless rate … Continue reading

Does immigration have an impact on wages?

The Press Association looks at some of the evidence : Recent research suggests immigration has relatively minor effects on average wages. A 2009 study by the Institute for Public Policy Research found that, between 2000 and 2007, a rise in the number of migrants equivalent to 1% of the UK-born working age population lowered average … Continue reading

US – Lower- and mid-wage occupations experienced proportionately greater declines in their real wages

Averaged across all occupations, real median hourly wages declined by 4.0 percent from 2009 to 2014. As Figure 1 shows, lower- and mid-wage occupations experienced proportionately greater declines in their real wages than did higher-wage occupations. Between 2009 and 2014, occupations in the bottom three-fifths saw median wage declines of 4.0 percent or greater. By … Continue reading

US – None of the productivity growth flowed into the paychecks

This paper updates and explains the implications of the central component of the wage stagnation story: the growing gap between overall productivity growth and the pay of the vast majority of workers since the 1970s. A careful analysis of this gap between pay and productivity provides several important insights for the ongoing debate about how … Continue reading

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