We had to ask: how will the minimum wage increase affect your business?(Washington)(Brief Article)Boone, Rolf
A COLA effective for December of the current year is equal to the percentage increase (if any) in the CPI-W from the average for the third quarter of the current year to the average for the third quarter of the last year in which a COLA became effective.10 TheSocial Security Administrati...
In January 2021, the unemployment rate fell by 0.4 percentage points, to 6.3%. Although this measure was lower than the high reached in April 2020, it remained well above pre-pandemic levels (3.5%) in February 2020. During this time, inflation remained relatively unaffected, although prices be...
Anew reportby the National Employment Law Project (NELP) tallies both the minimum wage changes slated for 2025, and the new protections that workers stand to benefit from in the new year. In such states as California and New Jersey, some healthcare workers will see their wage floor increase ...
Don’t be vague or leave it up to the company’s judgment. Ask either for a fixed dollar amount or a percentage raise. Again, use your salary data research to determine a reasonable figure, and don’t go too far beyond that. A typical merit-based pay raise is around 3%, so you can...
JIN (2016): "The UK wage premium puzzle: how did a large increase in university graduates leave the education premium unchanged?" IFS Working Paper, W16/01.Blundell R, Green DA, Jin W (2016) The UK wage premium puzzle: how did a large increase in universi...
As an employer, your workforce agrees to work for a certain wage corresponding to work delivered at the time of hire. It’s understood that pay-out for services rendered comes at a standardized timeline. That doesn’t mean you can’t re-evaluate processes to help modernize the way your emp...
Two waves have dragged down productivity growth by 1.9 percentage points on average across countries since the mid-2000s (Exhibit 3). The waning of a boom that began in the 1990s with the first information and communications technology (ICT) revolution, together with a subsequent phase of restru...
The financial inclusion indicators for the MENA countries are presented in Figure 1. The GCC countries (Kuwait, Oman, Qatar, Saudi Arabia, and the UAE) appear to have higher levels of financial inclusion. However, the levels are still too low in the non-GCC countries. This is particularly ...
and healthcare.6The figure for the cost of living is frequently used to compare the minimum income needed to live in various locations. According to Payscale's calculator, as of Oct. 14, 2023, the cost of living in New York City is 128% higher than the national average. As a compariso...