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Average hourly earnings are now rising faster than prices. But two years of high inflation have left many low-income people in a financial hole.
China’s government is making employers pay more into its social welfare system, just as the economy is stalling.
As supply chains normalize and labor demand slackens, prices and wages are cooling off.
Wage growth beat inflation in May and June for the first time since March 2021. But economists say two months do not a trend make.
The federal minimum wage has been the same since 2009: $7.25 an hour.
That’s good news for in the fight against inflation, as long as consumers don’t cut spending so much that the economy tips into recession.
The ongoing strike by Los Angeles educators is being fueled largely by high demand for workers.
A tight labor market has helped low-income workers raise their wages, according to a new working paper.
There are ways to figure out the quality of jobs that are being added to the economy.
Economists say 3.5% wage growth is about right when you take inflation and productivity growth into account — but we’re not there yet.