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Stories Tagged as

Wages

September's real wages are expected to rise

by Mitchell Hartman
Oct 9, 2023
And that would mean your paycheck's purchasing power would be getting a boost relative to inflation.
Rising real wages means consumers are "making up for the consumption power that they lost when prices were rising faster than wages," says Erica Groshen, former Bureau of Labor Statistics commissioner.
Justin Sullivan/Getty Images
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Businesses are telling the Federal Reserve they think wage gains are subsiding

by Stephanie Hughes
Sep 8, 2023
That could be a sign that the Fed's interest rate hikes are working and the economy is cooling.
Though wage growth has been falling, inflation has been falling even faster.
Justin Sullivan/Getty Images
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How the Biden administration's overtime proposal could play out

by Justin Ho
Aug 31, 2023
The proposal would most likely affect low-to-middle income earners in supervisory roles.
The new overtime rule will primarily affect low to middle-income salaried workers, especially those in supervisory roles.
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Even as real wages rebound, low-income households are playing catch-up

by Mitchell Hartman
Aug 22, 2023
Average hourly earnings are now rising faster than prices. But two years of high inflation have left many low-income people in a financial hole.
Inflation can take a heavier toll on low-income workers because a large proportion of their pay goes toward necessities like food.
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Why it's getting more expensive to hire workers in China

by Jennifer Pak
Aug 9, 2023
China’s government is making employers pay more into its social welfare system, just as the economy is stalling.
STR/AFP via Getty Images
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Inflation moderates in manufacturing and job market

by Mitchell Hartman
Aug 2, 2023
As supply chains normalize and labor demand slackens, prices and wages are cooling off.
The easing of inflation is especially visible in vehicle production, said Garrett Nelson at CFRA.
Suzanne Cordeiro/AFP via Getty Images
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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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