Posts filed under “Wages & Income”

1.4% Price Rise Gets Wal-Mart Off Welfare

Te question I keep asking (here, here and here) is why are taxpayers subsidizing a giant, private, profitable company?

The video goes over the numbers, but here are is the one that jumped out at me:

Wage: $13.63/hour (based on a 30 hour work week)
Cost: $4.8 billion per year

If Wal-Mart Paid A Living Wage, How Much Would Prices Go Up?

Category: Taxes and Policy, Video, Wages & Income

Do Federal Taxes Reduce Income Inequality?

These Legos make depressingly clear just how much money the top 1 percent has


Source: Vox

Category: Taxes and Policy, Video, Wages & Income

Behind the Slow Pace of Wage Growth

Behind the Slow Pace of Wage Growth Filippo Occhino Federal Reserve Bank of Cleveland, 04.09.2015 Despite continued progress in the labor market, wages have been rising slowly. In 2014, total nonfarm payroll employment rose by 3.1 million and the unemployment rate declined by 1.1 percentage points to 5.6 percent, indicating that the labor market was…Read More

Category: Think Tank, Wages & Income

High Number of Zero-Savers

47% of households have a 0% personal savings rate, see chart below. Source: Torsten Sløk, Ph.D., Deutsche Bank Securities

Category: Consumer Spending, Investing, Really, really bad calls, Wages & Income

Category: Taxes and Policy, Think Tank, Wages & Income

State Minimum Wage Map

Source: Bloomberg

Category: Digital Media, Wages & Income

There has been surprising news across minimum-wage land: Paychecks are beginning to rise. Earlier this year, Wal-Mart raised its minimum pay to $9 an hour, then Target matched. Now McDonald’shas improved on those rates. Starting July 1, McDonald’s will pay at least $1 an hour more than the local minimum wage for workers at the restaurants…Read More

Category: Food and Drink, Wages & Income

Are Wages Flat or Falling? Decomposing Recent Changes in the Average Wage Provides an Answer Joel Elvery and Christopher Vecchio Cleveland Fed 03.27.2015         There recently has been a lot of concern about stagnant wages. Most of the discussion has focused on the median and average hourly wage, but these measures are…Read More

Category: Think Tank, Wages & Income

More Signs of Wage Inflation

From Torsten Sløk of Deutsche Bank: The first chart below shows that over the past year employer costs have risen significantly. The second chart shows that the rise is driven partly by a significant increase in bonuses. The third chart shows that the uptrend in wages can been seen across all parts of the services…Read More

Category: Employment, Inflation, Think Tank, Wages & Income

“I come not to bury bonuses, but to praise them”

I come not to bury bonuses, but to praise them. Yesterday the New York State Office of the Comptroller released itsannual report. The report is chock full of great tables and charts (seethis, this, and this). The key takeaways include these data points: • The bonus pool for securities industry employees who work in New York City grew…Read More

Category: Bailouts, Wages & Income