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Stories Tagged as

Wages

Are wages outpacing inflation? Depends on what you do.

by Justin Ho
Jan 12, 2022
Real average hourly pay increased 0.1% in December. Generally, wages are beating inflation, but some industries are lagging.
While pay in leisure and hospitality is increasing faster than prices, sectors like construction and manufacturing are lagging behind.
Paul J. Richards/AFP via Getty Images
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Nursing homes are in critical need of staff

by Blake Farmer
Jan 11, 2022
Some nursing homes say they can't compete for workers, as fast-food places and other retailers have raised wages.
Ashley Rose (left) and Patsy Wilkerson (right) are occupational therapy assistant who work at Knollwood Manor in Lafayette, Tennessee. They joke that they’re also certified nursing assistant assistants because the nursing home is so short on CNAs they end up picking up many of their duties.
Blake Farmer/WPLN
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Wage hikes outpace rent hikes in some parts of the country

by Amanda Peacher
Jan 6, 2022
And new data shows that buying a place is more affordable than renting in some areas.
In most places in most years, rents rise faster than renters' incomes, according to a researcher at the Center on Budget and Policy Priorities.
Justin Sullivan via Getty Images
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The economy is in good shape. Why are people feeling down about it?

by Justin Ho
Jan 6, 2022
Several indicators suggest that the economy is humming along. But recent surveys show, a growing number of people feel exactly the opposite.
Though inflation is hampering consumers' views of the economy, people often overestimate how high inflation really is.
Michael Ciaglo via Getty Images
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Many states and cities to raise minimum wage in the New Year

by Meghan McCarty Carino
Dec 24, 2021
Will employers notice? Many are already raising wages for their workers because of the labor crunch.
Even without jurisdictions raising the minimum wage, some employers are upping pay anyway to remain competitive in a tight labor market. Above, activists rally for a $15 an hour minimum wage.
Kevin Dietsch via Getty Images
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Will wages continue to keep up with inflation?

by Amanda Peacher
Dec 15, 2021
Workers' incomes may see further gains as the ongoing labor shortage pushes employers to offer higher pay.
Experts don't expect wage growth to stall given how many workers remain on the sidelines while companies have jobs to fill.
Robyn Beck/AFP via Getty Images
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Despite a meh jobs report, high-frequency data paints a bright picture

by Mitchell Hartman
Dec 6, 2021
With signing bonuses, rising wages and less fear of being laid off — what's not to like?
Each month since June, employers have posted more than 10 million job listings, according to the Bureau of Labor Statistics.
Spencer Platt via Getty Images
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Most home care workers are entitled to overtime but might not know it

by Meghan McCarty Carino
Nov 24, 2021
A new initiative from the Labor Department aims to up outreach and enforcement related to such issues.
Long-term caregivers and supporters rally in Los Angeles in July for greater investment in the country's caregiving infrastructure.
Frederic J. Brown/AFP via Getty Images
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Prices are rising. So are wages. And that worries some economists.

by Mitchell Hartman
Oct 29, 2021
Some of them are reminded of the bad ol' 1970s.
Though some economists are worrying about the potential for an inflation spiral, the biggest pay hikes are currently going to younger workers and service workers in low-wage professions — such as supermarket cashiers.
Jean Philippe-Ksiazek/AFP via Getty Images
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2-tiered wage systems test today's labor relations

by Caroline Champlin
Oct 18, 2021
In the 1980s, some companies paid new workers less than current workers. Now, employers are trying that system during a labor shortage.
A striking worker pickets a John Deere facility in Davenport, Iowa. The current labor shortage is making it harder to pay new workers less than those already employed.
Scott Olson via Getty Images
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