A well-known factoid in American economic debates is that wages used to grow with productivity, but they don't anymore. There's a particularly famous chart, courtesy of the Economic Policy Institute, ...
Most European countries have a single national minimum wage. An increase in minimum wage implies shocks of different magnitudes to sectors and subnational regions. Using sectoral and regional ...
The US seems to be in a "K-shaped" recovery where employment for high-wage industries has not taken as big as a hit as many low-wage industries.
Although the motion picture and sound recording industries gained 5,400 jobs in June, employment was still 34% below pre-pandemic employment.
California Gov. Gavin Newsom signed Assembly Bill 1228 into law in September 2023, which established a Fast Food Council within California's Department of Industrial Relations and increased the ...
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