Audioburst Search

Coming up next

Why are wages rising?

The Indicator from Planet Money
|
Last month

Dallas’ Statler Hotel Offers Free Rooms to Health Care Workers

Texas Home Improvement Show
|
4 hrs ago

Trump warns of "toughest week" ahead

Bloomberg Daybreak
|
11 hrs ago

28 New Coronavirus Deaths, Cases Top 5000 In Los Angeles County

KNX Programming
|
3 hrs ago

Houston Mayor Sylvester Turner provides update on city’s coronavirus response

Houston Power Trading Hour
|
4 hrs ago

Kobe Bryant elected to Basketball Hall of Fame months after death

Sean Hannity
|
22 hrs ago

Florida - Orange County COVID-19 testing site changes test criteria

Dewitt Law Review
|
9 hrs ago

Jerusalem's Palm Sunday march scaled back due to coronavirus

KRLD Sunday Morning News
|
10 hrs ago

As New York virus toll spikes, governor says worst yet to come

WCBS Programming
|
10 hrs ago

How Will Joe Biden Find His Joe Biden?

The Morgan Show with Morgan White, Jr.
|
17 hrs ago

Astros' Justin Verlander and wife, Kate Upton, to donate MLB checks to coronavirus charities

KNX Programming
|
18 hrs ago

Automatic TRANSCRIPT

This is Tony McDonald from Windsor Connecticut. And my question for the indicator team is on previous. Indicate a podcast. I've heard that wages for low. Income workers are rising. I'm curious if this rise. In wages due to economic forces in the tight labor market or minimum wage was pass at the state level. Thank you well Tony. Thank you for that question. And as a matter of fact economists Ernie Tedeschi who has been on our show before precisely discuss minimum wages. Just finished in analsysts. Actually answers the question that you just asked so. We actually got in touch with Ernie. And here's what he has to say. Hi Tony this is Ernie Tedeschi. I'm a private sector. Economists and I looked into your question last month and a piece that I wrote for The New York Times wages at the bottom have been doing well. Wage growth for the bottom has accelerated from around one percent in two thousand thirteen to more like four percent. Today and wages at the bottom are growing faster than they are at the middle and at the top most of that acceleration in wage growth since two thousand thirteen is attributable to the tightening labor market but state and local minimum wage increases. Which of course disproportionately affect people at the bottom have added about zero point? Eight percentage points to that four percent wage growth so to sum up most of the acceleration in wage growth at the bottom since two thousand thirteen is because of the improving economy but most of the reason why wage growth at the bottom is faster than it is at the high end in the Middle. Right now is because of state and local minimum wage increases. Thanks Tony