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
Paul K makes a cogent point re my post on Fed chair Janet Yellen’s explanation for recent wage trends. Many of us, including Chair Yellen herself, take the fact that nominal wage growth has been stable for years now at around 2%–about the rate of inflation, implying flat real wage growth–as evidence that considerable slack remains… Read more