Saturday, February 14, 2015

More on Wages and Jobs

Perhaps because the issue is becoming highly politicized, there seems to be an uptick in the media on the amount of coverage of employee job growth and pay. The recent literature and studies have shown a gradual increase in employment opportunities as well as steady increases to worker salaries. The improved outlook for jobs is not new, but the higher wages are a welcome sign after seeing pay stagnate for such a long period of time. The New York Times has a wonderful and detailed article that looks at these different issues. From the piece:

"On the wage front, the jury is still out. Last month, average hourly earnings rebounded after falling in December, increasing 2.2 percent for the last 12 months and suggesting that the benefits of a tighter job market could soon begin to spread more broadly to ordinary workers."

I highly recommend taking a book at this article if you have the opportunity.

– Joe Seiner

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