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Stories Tagged as

Wages

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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Business economists seem a little more optimistic, survey finds

by Nancy Marshall-Genzer
Jan 23, 2023
A majority still think the country is headed for a recession. But the majority's shrinking.
A little more than half of economists surveyed by the National Association for Business Economics expect a recession, down from about two-thirds in October.
Michael M. Santiago/Getty Images
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Why your paycheck isn't keeping up with inflation

by Nancy Marshall-Genzer
Jan 16, 2023
The average paycheck lagged behind inflation in 2022, and the higher prices are hitting low-wage workers the hardest.
Recent data show that wages aren't growing at a fast enough rate to keep up with inflation, which impacts low-income workers the hardest.
Ed Jones/AFP via Getty Images
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Wage growth slowed in December, pleasing inflation hawks

by Mitchell Hartman
Jan 6, 2023
Earnings have been rising quickly, but the cooler data may restrain the Federal Reserve's rate-hike campaign.
While workers have seen significant pay gains in the past year, real wages are down as a result of inflation.
Scott Olson/Getty Images
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With salaries rising, how much do minimum wage increases matter?

by Savannah Peters
Jan 4, 2023
Private-sector wages are up about 5% over the past year. But gains guaranteed by government can't be lost during an economic downturn.
Workers in low-wage sectors like fast food have gained higher pay in the hot job market.
Brandon Bell/Getty Images
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