Minimum wage increases fueling faster wage growth

Minimum wage increases fueling faster wage growth

The lowest-paid workers in the US are seeing their paychecks rise at the fastest pace in more than a decade. While the Trump administration has touted tight labor market as the main trigger, a Washington Post analysis suggests that paychecks also grew because of a nationwide movement of rising minimum wages. In the past week, minimum wages have risen in more than 20 states.

Simone
Simone
Wholly
Wholly 2 months

Next article,"Cost of living raises 5% last year." and they won't have a clue why.

Ryan M
Ryan M 2 months

Rising pay is meaningless when costs rise in direct proportion.

Roadhog
Roadhog 2 months

It's Monday, so I guess the NYT had to put out another whopper. What they don't tell you is he net losses outweigh the benefits, and those losses fall hardest on the most marginal workers, who are forced onto the welfare rolls. People with disabilities, little or no experience, and a lack of connections will be most likely to have their income reduced to $0. That you can bury your head in the sand and pretend you're helping by outlawing certain classes of employment, which some people depend on, is the height of cruelty.

🌀W_AS
🌀W_AS 2 months

I wonder if that’s the primary reason Outback Steakhouse, Pizza Hut and Taco Bell among many others have announced the closing of a substantial number of their establishments.

michael zubas
michael zubas 2 months

Yup. good thing people got all those on the ballot 5 or so years ago. they worked great. let's do it again to 15 an hour.

Article V FTW
Article V FTW 2 months

Ok here we go again, minimum wage jobs are for young people who are just starting to enter the workforce, college kids trying to earn some money between classes, people looking for a way to supplement their income with a second job, etc. THEY ARE NOT FOR SOMEONE TO TRY TO SUPPORT THEMSELVES AND THEIR FAMILY BY ASKING PEOPLE "DO YOU WANT FRYS WITH THAT?" FOR THIRTY FUCKING YEARS! Do something with your life, stop making bad life decisions and stop blaming everyone else and the world around you for your problems, the majority of which are likely of your own making.

mantico
mantico 2 months

Over the past 30 years the cost of housing has gone up 290%. The cost of education for public institutions i.e public colleges and universities went up 311%. The cost of healthcare went up around 50%. Meanwhile the median wage for the working class adjusted for inflation in that same time span has been 14%. The reality is the wages for half Americans aren’t keeping up with the cost of living. You could say we were better off 30 years ago when people could actually afford housing, education and other amenities and this was off of one member of a household working. How we see most if not all members of households working just to make ends meet.

Tachyon
Tachyon 2 months

NYT "Quick! we've got to find a way to explain rising wages without crediting Trump!"

Rocky
Rocky 2 months

Raising the minimum wage does not increase the amount paid to low skill workers. It reduces the number of people who are able to be employed at the bottom of the market. If you increase the price of anything you sell less volume of that product. Labor is no different.

Fin
Fin 2 months

Misleading story.. Do ur own homework.. Ask ur local convince store clerk.... N other basic job workers... The wage in Florida is attricious... Wage in NJ not enuff to get buy since u can feel the inflation of consumer goods go up as ur wage go up.. Oregon same. Omg cost of living nuts there.. N in Hawaii forget it.. The story is bent

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