As OTEers know, I track various measures of wage and compensation growth. Five—count ‘em!—show up in the wage mashup, recently updated. One increasingly popular series I’ve not included is the Atlanta’s Fed Wage Tracker (FWT). It’s an interesting and useful contribution, so let me make a few points about this series: what it shows, why it doesn’t… Read more
…and it’s one of the Obama administration’s most progressive actions targeting middle-class paychecks. Here are links to everything you need to know about the new rule, which goes into effect on Dec. 1, and here’s my take at WaPo. I ask you, OTEers, how often am I able to tout seriously good news on an… Read more
On the minimum wage, let’s be shy about what we know, but not too shy. Nuance should be welcomed in debates about empirical findings in economics. But when it comes to increases in the minimum wage, we must be careful to avoid throwing our hands up in despair and concluding that, because there’s an ongoing… Read more
In case OTE’ers missed these: We need to be more honest about the costs of trade. The policy and politics behind some of today’s populist anger, at least the part about the economy.
Though last Friday’s jobs report came in a bit under expectations, many analysts, myself included, noted that (nominal) wage growth has picked up in recent months. That is both expected and precisely as it should be. As the job market tightens, employers should have to bid wage offers up more to get and keep the… Read more