Media
From PRI:
Last week it was reported that average hourly wages of American workers grew 2.9 percent over the past 12 months. It’s a good sign, but American workers still have a lot of catching up to do and income inequality and wage stagnation remain major concerns…Yes, national wages inched up last year. But consider this statistic from Michelle Webster with the Colorado Center on Law & Policy: “In 2016, median earnings for workers in the state were 2 percent less than what they earned in 2000″ when adjusted for inflation.
Media
Recent signs suggest worker pay is finally rising after years of stagnation despite an economy that has been steadily chugging along since 2009. The latest jobs report from the Labor Department shows that low unemployment is pushing up wages a bit. Employers added 200,000 jobs in January and private-sector workers, on average, saw their paychecks increase nearly 3 percent, compared to a year earlier.
The change was a long time coming, and no doubt most workers won’t find the modest bump much to crow about. Policy makers and good corporate citizens still have a lot of ground left to recover. For starters, the great bulk of hourly workers averaged only a 2.4 percent gain, as the increases for the salaries of managers contributed to the overall findings.
And our readers might remember that under a December editorial headline “Shame on Grinch America for workers’ stagnant wages,” we bemoaned the findings from the Colorado Center on Law & Policy that Colorado’s median hourly wages were $18.92, which was about 4 percent lower when adjusted for inflation than in 2007, the last year before the horrors of the Great Recession.
The center went on to note that 2016’s median pay was 2 percent lower, after accounting for inflation, than in it had been 2000.
Michelle Webster, the center’s manager of research and policy analysis, tells us the recent gains, while encouraging, have a long way to go to make up for years of lethargy.
Unemployment Insurance (UI) is a form of income-replacement coverage that keeps workers who lose their jobs out of poverty, boosts the economy in communities that experience downturns and helps to shorten recessions. Yet House Bill 252 would cut workers off UI much sooner, erode the maximum benefit compared to actual Kentucky wages and make fewer Kentucky workers eligible. This would especially hurt rural communities in Kentucky with high unemployment.
Almost overnight, Amazon has become one of Ohio’s largest employers, with more than 6,000 workers and thousands more to be added soon at three more big warehouses. It has also become one of the largest employers of workers who need food assistance to get by.
As of last August, 1,430 Amazon employees or family members were getting assistance under the Supplemental Nutrition Assistance Program (SNAP), according to the Ohio Department of Job & Family Services. That ranked the company 19th among all Ohio employers. Just months before, it wasn’t even in the top 50.