May 9, 2015

WINNING THE WAR ON WAGES:

The High Share of Part-Time Workers Helps Explain Weak Wage Growth  (KATHLEEN MADIGAN, 5/09/15, WSJ)

[Y]early growth in average hourly wages remains stuck at about 2%. If the economy were facing a shortage of labor, then businesses should be boosting pay at a faster clip to keep their employees and attract new ones.

One possible explanation is that more companies have restructured their staffing to focus on part-time workers. Because of that, there is slightly more slack in the labor markets than the jobless rate indicates. And these part-timers have less bargaining power to negotiate higher wages.

Posted by at May 9, 2015 10:41 AM
  

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