Here’s another salvo in the great labor force slack debate. Summarizing what is now a large and growing canon, a lot of digital ink has been spilled over three measly percentage points. That’s the amount the labor force participation rate (LFPR) is down from its pre-recession peak of about 66%, and the big question is… Read more
They’re out and I’ve got an extensive analysis up at PostEverything. For here, some highlights. –The poverty rate fell more than I expected last year–down half-a-percentage point from 15% in 2012 to 14.5% in 2013. It was fully driven by a sharp decline in child poverty rate, which fell almost two percentage points, from 21.8%… Read more
Over at PostEverything. With a none-too-subtle nudge to the administration re setting the new OT threshold high enough to make a real difference.
EPI’s Elise Gould has a nifty bit of analysis that deserves attention. When looking at the most recent real wage trends by decile, she finds real losses in every decile except one: the first decile, aka the tenth percentile, which was essentially unchanged (up 0.3%). Why might low-wage workers, of all people, buck the trend… Read more
Some great articles worth a look on labor, unions, wages, and more: EJ Dionne on an exemplary employer and the workers who went to bat for him. Jon Cohn interviews one of the deepest thinkers I know on labor issues: Rich Yeselson. An important look at the problem of “wage theft” in the NYT. Bob… Read more