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The Great Recession has been hard on recent college graduates, but it has been even harder for black recent college graduates. This report examines the labor-market outcomes of black recent college graduates using the general approach developed by Federal Reserve Bank of New York researchers...
Persistent link: https://www.econbiz.de/10010862301
Relative to any of the most common benchmarks – the cost of living, the wages of the average worker, or average productivity levels – the current federal minimum wage of $7.25 per hour is well below its historical value. These usual reference points, however, understate the true erosion in...
Persistent link: https://www.econbiz.de/10010540201
The Social Security payroll tax cap is the earnings level above which no further Social Security taxes are collected. The cap is currently at $110,100, though legislation has been introduced in Congress to apply the Social Security payroll tax to earnings above $250,000 (but not between the...
Persistent link: https://www.econbiz.de/10010550996
On January 23, the Bureau of Labor Statistics (BLS) released its estimates for union membership in the United States in 2012. This issue brief focuses on the union membership numbers by state. In addition to presenting the BLS estimates for overall union membership in each state, we also provide...
Persistent link: https://www.econbiz.de/10010604615
On January 1, the maximum amount of annual earnings subject to the Social Security tax – a.k.a. the payroll tax cap – increased to $113,700. Every year, this cap is adjusted to keep up with inflation. Many Americans are not aware that income above the cap is not taxed by Social Security. In...
Persistent link: https://www.econbiz.de/10010604616
The employment effect of the minimum wage is one of the most studied topics in all of economics. This report examines the most recent wave of this research – roughly since 2000 – to determine the best current estimates of the impact of increases in the minimum wage on the employment...
Persistent link: https://www.econbiz.de/10010610401
While the unionization of most private-sector workers is governed by the National Labor Relations Act (NLRA), the legal scope of collective bargaining for state and local public-sector workers is the domain of states and, where states allow it, local authorities. This hodge-podge of...
Persistent link: https://www.econbiz.de/10010751630
A series of earlier CEPR reports documented a substantial decline over the last three decades in the share of “good jobs” in the U.S. economy. This fall-off in job quality took place despite a large increase in the educational attainment and age of the workforce, as well as the productivity...
Persistent link: https://www.econbiz.de/10010667720
One of every nine women in the United States (11.8 percent in 2013) is represented by a union at her place of work. The annual number of hours of paid work performed by women has increased dramatically over the last four decades. In 1979, the typical woman was on the job 925 hours per year; by...
Persistent link: https://www.econbiz.de/10010786628
On January 24, the Bureau of Labor Statistics (BLS) released its estimates for union membership in the United States in 2013. This issue brief focuses on the union membership numbers by gender, education, race, and private vs public sector.
Persistent link: https://www.econbiz.de/10010741285