Figures released by DWD suggest a slowdown in Wisconsin.
Category Archives: labor market
Arkansas and Missouri Minimum Wage Increases Contextualized
Arkansas and Missouri voted to raise minimum wages. Time to worry? Here’s a graphical depiction of CPI-deflated minimum wage up to September, and into 2021.
Fragile Inferences on Minnesota Minimum Wage Effects
An informal assessment of the impact of the minimum wage change suggests a large negative impact. Appearances can be deceiving. From a forthcoming working paper by me and Louis Johnston, a graph of the log ratio of MN employment in limited service eating establishments to Wisconsin (blue, left scale), and log ratio MN/WI minimum wage (red, right scale).
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Guest Contribution: “Can Media and Text Analytics Provide Insights into Labour Market Conditions in China?”
Today we are pleased to present a guest contribution written by Jeannine Bailliu, Xinfen Han, Mark Kruger, Yu-Hsien Liu and Sri Thanabalasingam (all Bank of Canada). This research may support or challenge prevailing policy orthodoxy. Therefore, the views expressed in this paper are solely those of the authors and may differ from official Bank of Canada views. No responsibility for them should be attributed to the Bank.
Wisconsin CPI-deflated Wages back to January 2011 Levels
Regarding the slowdown in employment growth in February, reader Neil asks:
To what extent could the weakness in February be a payback for the outsized growth in December and January. The three month average for nonfarm growth in Wisconsin looks solid. Also, do you have any thoughts on the average hourly earnings data? Looks like Wisconsin is seeing strong growth over the last year.
The Seattle Minimum Wage Increase: Disaster or Not?
Dark warnings were voiced in the wake of the passage of the minimum wage ordinance. “Seattle’s Minimum-Wage Hike Is Sure to End in Disaster”. “Seattle sees fallout from $15 minimum wage” In an early — and widely debunked — assessment, Mark J. Perry writes “New evidence suggests that Seattle’s ‘radical experiment’ might be a model for the rest of the nation not to follow”.
Links for 2015-10-18
Quick links to a few items I found interesting.
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Labor Day 2015 in Wisconsin
From the Wisconsin Department of Workforce Development, October 2014, in re: the $7.25/hour minimum wage.
The Department [of Workforce Development] has determined there is no reasonable cause to believe the wages paid to the complainants are not a living wage.
Measuring unemployment
New claims for unemployment insurance this week came in at the lowest level in over 40 years. How much slack can there be left in the labor market?
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Firm-specific factors in rising income inequality
I spent the last two weeks in Boston at the NBER Summer Institute where I learned about a lot of interesting new economic research. Here I describe a new paper by Jae Song, David Price, Fatih Guvenen, Nicholas Bloom, and Till von Wachter on the role of firm-specific factors in rising income inequality.
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