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Wages

Washington, D.C., is a test case for phasing out the tipped minimum wage

by Sabri Ben-Achour
Apr 12, 2024
“Now, it is leaner crews,” says one restaurant server, but a more stable income. Other states are watching how it plays out in the capital.
Shortly after the phaseout of the tip credit started in Washington, D.C., last year, employment at sit-down restaurants started to fall sharply, according to state-level data from the Bureau of Labor Statistics.
Eva Marie Uzcategui/AFP via Getty Images
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Wage growth outpaced inflation in March

by Mitchell Hartman
Apr 5, 2024
That's good for workers, who have been experiencing positive real wage growth since May 2023.
“And so workers are coming out ahead. They’ve now experienced positive real wage growth since May of 2023,” says Julia Pollak at ZipRecruiter.
Nature via Getty Images
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Even as hourly wages outpace inflation, rising prices take a bite

by Mitchell Hartman
Mar 12, 2024
It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.
“We see higher wage growth since the recovery. But if people are working less, their total earnings are still less than inflation,” said ADP's Liv Wang.
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How expensive fast food can explain rising economic equality

by Kai Ryssdal and Sarah Leeson
Jan 17, 2024
Fast food workers' wages are up as much as 30% since 2020. That has had real costs for businesses, but real benefits for society.
In the fast food sector, where many workers in the bottom 10% of the income distribution are employed, wages went up by 5.7% when adjusted for inflation between 2020 and 2022, says Eric Levitz of Vox.
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Is the tide turning against noncompete agreements?

by David Brancaccio , Chris Farrell and Alex Schroeder
Jan 15, 2024
A recent economics study seeks to quantify just how much noncompete clauses restrict worker mobility and wages.
"The estimates range between 18% and 40% of the American workforce is impacted by [noncompete] agreements," said Marketplace senior economics contributor Chris Farrell.
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Inflation ticked up to 3.4% in December. How are wages doing?

by Mitchell Hartman
Jan 11, 2024
Wage growth is slowing, and those at the top of the earnings spectrum have done better than those at the lower end.
“When wage growth was very hot, the job switchers could go get another job and get a pretty good increase," said Frank Fiorille at Paychex. "We’ve really seen that come off the boil.”
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Consumers are cranky though the economy is OK

by Elizabeth Trovall
Jan 8, 2024
Worries about inflation persist even as wages are rising but will consumer sentiment improve this year?
A portrait showing the sentiment of the modern American consumer.
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Economists expect tapering job growth for December

by Mitchell Hartman
Jan 4, 2024
November job openings also trended down but were still above pre-pandemic levels.
Job openings continued to trend down in November, just as they’ve been doing for over a year.
Mario Tama/Getty Images
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Wage hikes lighten the burden of inflation, but it still weighs on some workers

by Mitchell Hartman
Dec 18, 2023
Average pay raises last year slightly outpaced inflation but the price rises of previous years are still hurting some.
While prices for things like food and transportation take up a larger percentage of lower-income workers' budgets, they're unlikely to come back down.
Brandon Bell/Getty Images
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What immigration actually does to jobs, wages and more

by Sabri Ben-Achour and Alex Schroeder
Dec 12, 2023
Republican lawmakers want immigration changes in exchange for Ukraine aid. What does economic research say about current policy?
The economic research tells us that immigration does not cause serious wage losses, for example.
Bryan R. Smith/AFP via Getty Images
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