Archive for the ‘Wages’ Category

If the lagging labor force rate doesn’t still embody considerable slack, then why does it increasingly predict wage growth?

September 22nd, 2014

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

2013 poverty and income results: Rising tide lifts a few boats, but the levee needs work.

September 16th, 2014

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

Labor Day Reading

September 1st, 2014

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