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A working paper, as first reported by The New York Times, looks at minimum wage raises at major retailers.
The authors find substantial spillovers from the companies voluntary minimum wage increases.
This includes other firms increasing their wages to the amounts announced at these large companies.
In recent years, big companies like Amazon have publicly increased the minimum wage they pay workers. And it turns out those moves can lead to nearby businesses also bumping up their pay, according to a recent working paper. If a bunch of large employers in the labor market raise pay, other employers are going to be compelled to raise pay a little bit too in order to make sure that they can recruit and retain their workforce, Ben Zipperer, an economist at the left-leaning Economic Policy Institute, told Insider in March.
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RECESSIONS TYPICALLY hit men harder than women, not least because they tend to disproportionately affect male-dominated industries, such as construction and manufacturing. In the recession of 2008-09, for example, men accounted for some three-quarters of American job losses. The most recent downturn, by contrast, has weighed on female-dominated sectors, such as retail and hospitality. Last year the share of women on American payrolls fell from 50% in March 2020 to 49.1% two months later, before inching back up to 49.8% today.
A recent paper by three economists at the Federal Reserve Bank of San Francisco suggests that some of the disparity can be explained by differences in parental responsibilities. Using monthly data from the Census Bureau’s Current Population Survey, the researchers analysed the labour-market outcomes of four groups of prime-age workers (those aged from 25 to 54): mothers; fathers; women without children; and men without children. They found that wome
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Are we any closer to a COVID-19 relief package in Washington? Here s what you could expect in the coming weeks
News 12 Staff
Updated on:Feb 11, 2021, 10:24am EST
News 12 s Elizabeth Hashagen was joined by CPA and economic development consultant Marty Cantor this morning to discuss the latest on the COVID-19 relief plan and unemployment numbers.
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.
Last week’s total declined from 812,000 the previous week, the Labor Department said Thursday. That figure was revised higher from the previously-reported figure of 779,000. Before the virus erupted in the United States in March, weekly applications for jobless aid had never topped 700,000, even during the Great Recession.