Archive for the ‘Wages’ Category

That second quarter GDP report: should we be worried?

August 1st, 2016

I didn’t much like that GDP report from last Friday, showing that the economy expanded at an annual rate of 1.2% in the second quarter. OTEers know my methods: I prefer to smooth out the quarterly noise by looking at year-over-year trends. However, as the figure below shows, that doesn’t help so much. In fact,… Read more

What’s UP with wages?

July 12th, 2016

I stumbled on three, count ‘em, pieces on wage growth in the papers this AM. –Catherine Rampell on recent wage growth and how it might help the incumbent party keep the White House. —Starbucks says the tight job market is leading them to increase compensation. –JPMorgan Chase’s Chairman Jamie Dimon is giving his employees a… Read more

The Atlanta Fed Wage Tracker: What’s it saying re wage growth and the Fed?

May 26th, 2016

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

The final overtime rule is out…

May 18th, 2016

…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