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Stories Tagged as

Wages

Wages have started to outpace inflation. But let's not get too excited.

by Samantha Fields
Jul 12, 2023
Wage growth beat inflation in May and June for the first time since March 2021. But economists say two months do not a trend make.
In an ideal world, "economists think that workers should get an increase each year in their pay of around 2% to keep pace with inflation, and an additional 1 to 1.5% to keep pace with productivity growth," says Julia Pollak, chief economist at ZipRecruiter.
Jim Watson/AFP via Getty Images
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Minimum wage gets a mini increase in some states

by Samantha Fields
Jul 7, 2023
The federal minimum wage has been the same since 2009: $7.25 an hour.
Wage increases, even small ones, can be very impactful for low wage workers dealing with inflation.
Anna Moneymaker/Getty Images
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Wage increases seem to be slowing after more than a year of strong gains

by Mitchell Hartman
Apr 6, 2023
That's good news for in the fight against inflation, as long as consumers don't cut spending so much that the economy tips into recession.
Lower-wage workers, including those in the service industry, have seen some of the strongest wage gains in recent years.
Brandon Bell/Getty Images
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How a tight labor market has made way for educators to strike

by Stephanie Hughes
Mar 22, 2023
The ongoing strike by Los Angeles educators is being fueled largely by high demand for workers.
Los Angeles Unified School District workers and supporters rally outside LAUSD headquarters on the first day of a strike over a new contract on March 21.
Mario Tama/Getty Images
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Lower-income earners' wages have grown faster than others

by Samantha Fields
Mar 8, 2023
A tight labor market has helped low-income workers raise their wages, according to a new working paper.
Many young people without degrees have left jobs in restaurants and hospitality to move to higher paying fields.
Joseph Eid/AFP via Getty Images
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I've Always Wondered ...

What the monthly jobs report can — and can’t — tell us about the labor market

by Janet Nguyen
Mar 3, 2023
There are ways to figure out the quality of jobs that are being added to the economy.
We can glean how well paid some jobs are by looking at industry data in the monthly jobs report.
Spencer Platt/Getty Images
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Where's the sweet spot for wage growth?

by Sabri Ben-Achour
Mar 1, 2023
Economists say 3.5% wage growth is about right when you take inflation and productivity growth into account — but we're not there yet.
Right now, wage growth is at 4.4% year over year. But economists say 3.5% is the ideal figure.
Kena Betancur/Getty Images
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A more productive U.S. economy could unlock $10 trillion

by David Brancaccio and Alex Schroeder
Feb 27, 2023
Higher productivity could drive up wages, temper inflation and aid the energy transition, the McKinsey Global Institute finds.
Jean-Sebastien Evrard/AFP via Getty Images
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Consumer debt is becoming more of a burden

by Justin Ho
Feb 7, 2023
Consumer debt levels have been rising. While wage gains have helped people pay off debt, those gains have been slowing down.
The Fed's consumer credit report, due out today, will show whether people are continuing to take on more and more debt.
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Wage growth is slowing down. But is there an upside for workers?

by Justin Ho
Jan 31, 2023
Wages increased 1% in Q4. Inflation is also slowing. All that could impact whether — and by how much — the Fed hikes interest rates.
Wage growth slowed to 1% in Q4, but inflation has been slowing too.
Robyn Beck/AFP via Getty Images
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