![]() ![]() Half of the workers in this job category earn a wage less than the median wage estimate, and half earn more, so I am identifying job categories where at least half of the workers in that state and job category would either receive a raise to $15 or more, or faced reduced hours and/or termination if the employer could not afford the additional labor cost. To estimate the number of jobs impacted by a $15 national minimum wage, I identify specific job categories in a state where the median wage is less than $15/hour. Discussion (RESOLVED) Frontier Communications outage in Texas on Octo4:20 AM Author Date within 1 day 3 days 1 week 2 weeks 1 month 2 months 6 months 1 year of Examples: Monday, today, last week, Mar 26, 3/26/04 Telecity Data Center Outage in London Dings Cloud. However, this total employment estimate eliminates double counting and provides a consistent basis for calculating the share of workers impacted by the minimum wage. Watch live 57.5 hours of news and local programming every week on KRIV. This state total employment estimate is slightly less than the true total, because the BLS does not separately report employment and compensation estimates for some job classes even though it collects the data and includes them in the BLS reported totals. ![]() Index construction: In each state, I add up the 2019 BLS survey estimates of employment in each specific job category to get a baseline total employment estimate. An example of the latter is the proliferation of self-checkouts in high-cost labor markets. There is little doubt that raising the minimum wage increases the cost of labor and creates incentives to adopt technologies that replace human workers with machines or labor extracted from customers. ![]() Join host Adrienne Herbert as she speaks to today’s leading coaches, creatives, change makers and innovators finding out about their morning routines, daily habits, and rules to live by. Some studies find that an increase in minimum wage increases the hourly wage for those working, but it tends to cut the overall pay of covered workers through diminished hours and a reduction in employees. Power Hour is a weekly podcast that will motivate you to pursue your passion and to achieve success. Historical data does not definitively reveal how businesses will react to an increase in the minimum wage. The BLS survey only covers non-farm occupations, so in states where employment is heavily tilted toward agriculture, the impact score may be slightly less accurate. States with index values greater than 1.0 can be expected to face labor cost adjustments that exceed the national average whereas states with index values less than 1.0 will face lower adjustment costs than the national average. The score indicates how a $15/hour minimum wage would affect state labor costs compared to the average labor cost impact nationally. Using BLS data, each state is assigned an impact score.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |