If I told you about a new bill allegedly designed to “improve” the minimum wage, you’d probably envision it raising the wage floor, or maybe expanding coverage so that the minimum reaches more low-wage workers, right? You probably wouldn’t jump to “…amend the Fair Labor Standards Act of 1938 to permit the Government of Puerto… Read more
Economist Harry Holzer pinged me yesterday re this piece by Ben Spielberg and me on the dust up in Birmingham, AL around their local minimum wage. Harry felt we gave much too short shrift to the the research showing job loss impacts from minimum wage increases. So, him being a reasonable guy, and me being the… Read more
The city council acted in the interest of low-wage workers, long left out of this and past economic expansions. Now the state legislature’s moving in to shut them down. Over at WaPo, with Ben S.
In economic policy, new findings can sometimes break through the noise based on their timing, relevance, and importantly, who finds the findings. For example, when the President’s Council of Economic Advisors (CEA) publishes highly relevant results on a very hot topic in the annual Economic Report of the President (ERP), it matters. This year’s ERP, out… Read more
So, with the productivity data out this AM–such as it was–I’ve now got the five wage and compensation series I need for the latest version of our patented wage mash-up (details here). I added a trend this month so you could see the bit of acceleration at the end of the series. That’s good to… Read more