Found 36 article(s) for author 'Wages'

Amazon Is Raising Its Minimum Wage. Here’s Why Some Employees Aren’t Cheering

Amazon Is Raising Its Minimum Wage. Here’s Why Some Employees Aren’t Cheering. Nancy Koehn, October 11, 2018, Audio, “Last week, Amazon announced that it would be raising the minimum wage for all its employees to $15 an hour. However, employees quickly learned that when Amazon giveth, Amazon taketh away — because, at the same time, the company said it would also be getting rid of monthly bonuses and some stock benefits. Amazon has since walked back the move, assuring employees in a letter addressed to Sen. Bernie Sanders that no employee would see their compensation go down as a result of the changes. But some are still skeptical. Nancy Koehn, historian at the Harvard Business School, says the move could demoralize the corporate giant’s workforce.Link

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How Amazon’s Higher Wages Could Increase Productivity

How Amazon’s Higher Wages Could Increase Productivity. Michael Luca, October 10, 2018, Paper, “Amazon recently made headlines by announcing that it would voluntarily increase its minimum hourly wage to $15. With a federal minimum wage of only $7.25, this pledge might seem like a curious decision — especially for a company as laser-focused on cost containment as Amazon. But thinking only about the costs involved in raising wages misses a key issue: pay hikes can also boost workplace productivity.Link

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The American Dream Is Harder To Find In Some Neighborhoods

The American Dream Is Harder To Find In Some Neighborhoods. Raj Chetty, 10/1/18, Audio, “Does the neighborhood you grow up in determine how far you move up the economic ladder? A new online data tool being made public Monday finds a strong correlation between where people are raised and their chances of achieving the American dream.Link

Opportunity Atlas –

https://www.opportunityatlas.org/

 

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The Slavery Incentive

The Slavery Incentive. Ricardo Hausmann, August 31, 2018, Opinion, “By restricting the workers’ outside options, employers may get them to accept terms that freer individuals would reject. That may be a reason why there is so little urgency in solving the problem of undocumented immigrants in the US, and why many countries protect citizens differently than foreigners.Link

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Why a Universal Basic Income Is Better Than Subsidies of Low-Wage Work

Why a Universal Basic Income Is Better Than Subsidies of Low-Wage Work. Maximilian Kasy, August 5, 2018, Paper, “In this paper, we compare subsidies of low-wage work, such as the Earned Income Tax Credit (EITC), to unconditional cash transfers—or what is commonly referred to as a universal basic income (UBI).2 The EITC helps families with low earnings but does not provide any support to those without earnings. It is an extremely popular policy because it redistributes income to low-earning families while encouraging work. In contrast, a UBI provides unconditional support to everyone and is often combined with a progressive tax on earnings.Link

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The real reason you’re not getting a pay raise

The real reason you’re not getting a pay raise. Jason Furman, July 31, 2018, Opinion, “Wages are growing much more slowly than the last time we had sustained low unemployment rates, the late 1990s. This is the notorious “wage puzzle,” a topic that has been the subject of much speculation by everyone from Federal Reserve Chair Jay Powell to pretty much every economist I follow on Twitter.Link

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Is tax reform working? Not if you’re a worker in need of a raise

Is tax reform working? Not if you’re a worker in need of a raise. Jason Furman, July 10, 2018, Opinion, “We now have about six months of macroeconomic data since the passage of the 2017 tax cut, reform, scam, or whatever you want to call it — since the “Tax Cut and Jobs Act” name was removed in the amendment process.Link

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Productivity and Pay: Is the Link Broken?

Productivity and Pay: Is the Link Broken? Lawrence Summers, June 2018, Paper, “Since 1973 median compensation in the United States has diverged starkly from average labor productivity. Since 2000, average compensation has also begun to diverge from labor productivity. These divergences lead to the question: Holding all else equal, to what extent does productivity growth translate into compensation growth for typical American workers? We investigate this, regressing median, average, and  production/nonsupervisory compensation growth on productivity growth in various specifications. We find substantial evidence of linkage between productivity and compensation…Link

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Were retail jobs always low wage, with few benefits?

Were retail jobs always low wage, with few benefits? Nancy Koehn, February 9, 2018, Audio, “There’s a feeling of insecurity a lot of retail workers talk about. Alex Cole, who’s 29, knows it well. Until a few months ago, he worked part time in member services at a Sam’s Club store in Linden, New Jersey, for $11.25 an hour. His hours would change week to week.Link

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Employee bonuses are a tax reform ‘gimmick,’

Employee bonuses are a tax reform ‘gimmick,’. Lawrence Summers, January 28, 2018, Opinion, “Larry Summers Employee bonuses are a tax reform ‘gimmick,’ Larry Summers says Former Treasury Secretary and Obama administration economic advisor Larry Summers said Friday that recent employee bonuses are stunts and not reflective of long-term hopes for prosperity that tax cuts are supposed to bring.Link

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