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U.S. workers are experiencing larger wage growth than you’ve been reading in the news.
That’s according to a new study by a group of researchers at the Federal Reserve Banks of Dallas and Cleveland. The researchers conclude that average hourly earnings -- or AHE ---reported by the Bureau of Labor Statistics understates real wage growth by "a notable amount," according to a Feb. 26 blog post. READ MORE
I recently argued that if companies won’t pay their workers a living wage, then the government will to do it for them, and in ways they probably won’t like. READ MORE
The Federal Housing Finance Agency acted to circumvent a congressionally mandated limit of $600,000 on CEO compensation at Fannie Mae and Freddie Mac when it approved plans last year to pay top executives millions of dollars, according to two new reports from the FHFA inspector general. READ MORE
The U.S. Department of Labor on Thursday proposed a rule that would exclude discretionary bonuses, unused paid leave, and other types of compensation and perks from the wages used to calculate overtime pay for workers. READ MORE
Wall Street employees saw their typical annual bonus slip by 17 percent last year to $153,700, according to new data from the New York State Comptroller. But don't feel sorry for the banking set just yet -- even including down years like 2018, bankers' bonuses have jumped by 1,000 percent since 1985. READ MORE
A federal minimum wage increase wouldn’t necessarily be a widespread cash infusion for teens working starter jobs, new research says. READ MORE
A reader shared with me that her employer’s policy prohibits discussion of compensation with other co-workers and doing so can result in discipline or termination. READ MORE
The so-called “motherhood penalty” is alive and well in America.
Despite making gains in education and experience, mothers are still facing an uphill battle in the workplace — and a pay gap that has barely budged in 30 years. In fact, it’s costing them $16,000 a year in lost wages, according to an analysis of Census data by the nonprofit advocacy organization National Women’s Law Center in 2018. Mothers in the U.S. get paid 71 cents for every dollar their male counterparts make. READ MORE
Income inequality is becoming a dominant topic of conversation, particularly as the 2020 presidential race heats up. Democratic candidates such as Kamala Harris, Cory Booker, and Elizabeth Warren have all made it one of their core platforms. READ MORE
While home Opens a New Window. prices are expensive Opens a New Window. , those looking to live in one of the country’s biggest cities might be surprised at where they could afford a home. READ MORE
The Trump administration is planning a contract to reevaluate the entire federal employee compensation system, hoping it will demonstrate to Congress the need to take a new approach. READ MORE
Making a livable wage can be a lifelong struggle. The mounting costs of housing and basic necessities can quickly add up, leaving you scraping to make ends meet rather than saving and building wealth. And depending on where you call home, that situation can be considerably worse. READ MORE
We recently learned that Wells Fargo (NYSE: WFC) CEO Tim Sloan received $1 million more in total compensation during 2018 than in 2017, despite the lingering effects of the bank's numerous scandals. READ MORE
Ford CEO Jim Hackett received total compensation of $17.8 million in 2018, up from $16.7 million in 2017, according to finance documents released by the company. READ MORE
Roughly seven of 10 companies in the United States, if not around the globe, use some form of pay-for-performance compensation system: bonuses, commissions, piece rates, profit sharing, individual and team goal achievements, and so on. But does such an incentivized workplace create a negative effect on the mental-health wellness of those workers? READ MORE
Total pay for the CEO of General Electric Co. more than doubled from the previous year — and it's 345 times higher than the median employee pay rate at the company, one of the highest CEO pay ratios of any public company in Massachusetts. READ MORE
Big-company CEOs have seen a median pay raise of about 40 percent since 2010. Ordinary workers have seen a pay raise of 20 percent. Adjusted for inflation, that’s 25 percent for CEOs and 5 percent for ordinary workers. READ MORE
Americans entering the workforce can have a number of different reasons for pursuing one career over another. Some look for an occupation that allows them to utilize their natural gifts, while others follow their passions and do work they find meaningful. Yet for many, the main impetus for deciding on a particular career is often simply compensation. READ MORE
President Trump again argued for an end to across-the-board pay increases for federal workers in his fiscal 2020 budget proposal, advocating that the government move to a performance based pay model. But there’s just one problem: There’s no extra money to implement such a change. READ MORE
They do for younger workers and property crimes, finds a new paper by Zachary S. Fone, Joseph J. Sabia and Resul Cesur. READ MORE