19 Burst results for "Andrew Chamberlain"
We need to change our economic indicators to keep up with the crisis
"Know once you get past the scale of the job losses with the latest numbers on first time claims for unemployment. They came out this morning putting the total at just under twenty seven million people who've lost their jobs once you get past that scale it is the speed. That's amazing. Twenty seven million jobs vaporized in five weeks which poses a challenge for those of us who observe analyze this economy accustomed as we are to quarterly and monthly data. Being good enough. So economists are getting creative. Marketplace's refinish war gets is going. The great recession played out gradually over eighteen months. What's happening today's instead of playing out of a months and years playing out of days and weeks. Justin Wolfer is a professor of economics at University of Michigan our friends. Gdp and the unemployment rate are reported once a month once a quarter but we need is economic indicators. To tell us what's happening today. Andrew Chamberlain is chief economist at glass door. He says luckily we live in an age of data. We have really different ways of measuring the economy today than we have a decade ago tech platform social media specialized firms have all kinds of useful real time. Data take for example would job search platforms can tell us you've got Twenty million unemployed Americans. You Might WanNa know whether they are all expecting to go back to work or not You might want to know if they're out there searching for jobs or not. The Federal Reserve looks at data from credit card processors to know how people are spending and payroll processing from. Adp to track jobs. Both of those come out. Weekly Ben Hur's on is an economist with IHS market the TSA started making available The public passenger traffic At airports on a daily basis in real time. And so we could see that passenger traffic at us. Airports had fallen like ninety five percent by the end of March. Weekly chain store sales. Tell us about spending electricity. Use can be a proxy for economic output. As for what exactly it's all telling US Gary Schlossberg is global market strategist with the wells. Fargo Investment Institute. They still show the economy continuing to decline. But there are a couple which are beginning to bottom out a little bit you know. There's some hope straws in that the economy is still weakening but approaching about whatever the indicator once you hit bottom. There's nowhere to go but up
Where The Gender Pay Gap Is Widest
"Glass door economic research. Just put out a study looking at the gender pay gap in different fields. It's called the progress on the gender pay gap twenty nineteen and today, we're talking to glass doors, chief economist Andrew Chamberlain up. So Andrew for the study, you guys looked at the gender pay gap. And how big the gap is across different industries industry by industry. We're the biggest pig apps. Okay. So when I say I'm talking about like after I've accounted. For what jobs people work in their education experience. So I'm making like an apples to apples comparison. This is what I call the adjusted. Hey gap. Okay. So industries with the biggest pay gap media came out on top. Okay. So sorry to break easy media, though, by which make you feel better doesn't just include a broadcast radio. It includes like Hollywood. So there's companies like NBC universal. But there's also Disney there's also Viacom gannet all of these other things are counted as media, including some video game companies, like Electronic Arts, Secondly, considered media. So what is the pay gap for media? Six point four percent was the pay gap. Once you do apples to apples comparison. So what is going on with media? It's been where the metoo movement really gained momentum. So it's an industry that is like the old economy in some ways where it doesn't pay very much attention to formal credentials. It's more about who, you know, rather than what you know. In some cases. Okay. What is the second worst? So can worse as the retail sector. And then they're followed by construction repair maintenance. And then we'll gas and utilities, so it's kind of a mixture here so in retail course, you know, very low paying job this is like disproportionately women working in many of these positions. It's companies like target. Walmart lowe's. Walgreens, Macy's and then further down and construction, you know, many male dominated fields there as well as an oil and gas. So what I believe is happening in those fields is similar to media. There's not a lot of attention paid to formal academic credentials, and these are maize have many jobs that are male dominated. And the fact is is if you have mostly men in upper management or leadership positions, they don't create institutions that let women get ahead often sill. Let's go maybe to the other end of the scale. What is the industry? With the smallest pay gap the industry with the smallest pay gap was biotech and pharmaceuticals. The pagan up was only two point two percent. When we compare similar men and women so almost gone part of it is they have a relatively young workforce. Right. Many of these scientific folks coming out a PHD programs. It's very credential base. Like, there's lots of PHD chemists, and and and biologists in that field. And also that field that that that really does like have a decent work life balance and many of the big biotech and pharma companies, and I think that attracts more women to that to that field. So as women are moving more into stem fields they're being pushed
"andrew chamberlain" Discussed on WCBS Newsradio 880
"The date women with work until they are in the same salary men were paid in the previous year. We get more from WCBS reporter Marla diamond glass door study found if changes are not made the gender pay gap won't be completely closed until twenty seventy glass door. Chief economist Andrew Chamberlain says part of the problem is the misperception that it doesn't exist. Even when we compare men and women in the same company for the same job title with the same education and experience and all that there's still a better four point nine percent gap men are still paid about five percent. More than women the gap. He says is also caused by gender stereotypes example, women vastly are over represented among retail clerks and men are over represented among software, engineers and those. Pay very differently. Studies show that transparency helps if companies are open about what they pay their employees. Those employees have more bargaining power Marla diamond WCBS, NewsRadio eight eighty crime rates were down again in March. But a member of the NYPD brass's complaining that a member of violent number of violent criminals are being repeatedly let out on the streets of New York, which lamb fills us in on that without so much as using the word court or the word judge and leaving out the name of the gunman four star chief of department, Terrence Monaghan the highest ranking uniformed officer in the NYPD told story after story he was arrested back in April last year in the Bronx and indicted for possession of a gun. He was out on bail. He gets arrested again in October. Indicted for possession of a gun out on bail. He then becomes the victim of a robbery gang related robbery. And February this gang related robbery after it occurs. There are two retaliatory shootings based upon him being robbed that individual again on the twenty first of March is arrested in a stolen cough fleeing. From the police he is still currently out on the streets of Brooklyn Monahan said, it's a small number of people. But as he put it they show up consistently in the violence. We are seeing in east New York, rich, lamb WCBS, NewsRadio eight eighty. The Mets are celebrating the fiftieth anniversary of its first World Series championship this year this week. They honored manager Jill Hodges, the man who helped them get there. There are twenty five players with twenty-five egos and everybody wants to play every day. But this sixty-nine nets had players Plitt time at fourteen positions. Rightfielder award Shems keeps his hajj has made it work. But Gill was honest. Look you right in the eye and talk to you about certain things that he explained.
"andrew chamberlain" Discussed on WCBS Newsradio 880
"Tax. No additional discounts or coupons may be applied. Our next traffic update less than ten minutes away and WCBS watching the radar. We can see some rain heading our way who will get how much let's go to the weather center. I'm meteorologist Bob Larsen. Breezy this afternoon with sunshine Fadi behind increasing clog, ever, I've fifty-one cloudy and breezy tonight with periods of rain in the city little more than a shower to the far, western suburbs. But steadier heavier rainfall over central and eastern Long Island. Intrigue white Wendy, low forty two clouds of babies some rain early tomorrow morning, then a return of sunshine, Wendy and milder tomorrow, highs sixty three little cooler on Thursday, intervals of clouds aside. High fifty eighth and cloudy damp and chilly and Friday somewhat Wendy with occasional rain. I've league forty. Seven on Friday Wilders Saturday, clouds start, then sunshine, becoming breezy is sixty five Sunday mild at makes it clouds high again, sixty five hazy sunshine across the area, forty eight in garden city, fifty three in Bridgewater. Ceo, sit with forty seven forty nine degrees and partly sunny here in New York City at two twenty today is equal pay day. It marks the extra amount of time that women must work into this year to equal the amount of salary their male counterparts made last year. WCBS reporter Marla diamond has that story. Winning on average still earn twenty percent less than men. One of the contributing factors is the perception that the wage gap isn't real says, Andrew Chamberlain glass door chief economist,.
"andrew chamberlain" Discussed on KNX 1070 NEWSRADIO
"Obviously she's been through devastating times in Puerto Rico where they still have not really scratched the surface of recovering. Even though it's been a long time hurricanes, but boy hurricane Maria hit the island back in two thousand seventeen the councilman tells KNX that San Juan mayor Carmen newly in crews wanted to compare Puerto Rico with what has happened recently in LA, and Ventura counties, the two also addressed climate change if out to address climate change dramatically horribly exacerbating all of the disasters. We're having around the world this'll be nothing. This'll be a town payment on what we're saying. A few decades from now Heather Jordan can extend seventy NewsRadio. The CHP says it needs help tracking down a hit and run driver who killed a young woman on the rain slick ten freeway in west Covina. The twenty two year old victim was struck by a passing vehicle. It happened about eleven thirty last night when she got out of the car that became disabled after hydroplaning and going out of control on the westbound freeway near Holt avenue. There's no description available yet in the other vehicle or its driver. Investigators want to hear from anybody who could offer any liens. Despite the trade wars and the violent roller coaster ride of the stock market. Employers added three hundred twelve thousand jobs last month. It's a sign. The American economy is doing okay, if you follow the stock market during December, you might think the US is on the verge of a major recession or worse, but the market is one thing and the so called real economy. In other words, things like jobs in corporate expectations as apparently still in high gear despite big Wall Street losses. It looks like the psychology of a slowdown hasn't really translated into any slowdown by employers. Andrew Chamberlain is the chief economist for the job search website glass door. Today's jobs report shows, a very strong growing labor market one point of interest. Good news for the real economy could translate into bad news for the stock market, which might worry about increased federal interest rates that fear could send the market down in the coming months. Charles feldman. KNX ten seventy NewsRadio. Some.
"andrew chamberlain" Discussed on KNX 1070 NEWSRADIO
"The ball. I can't even explain it. I'm so numb right now, I'm so angry so far no rest in this case at police have not released a description of the shooter or shooters three men were killed four. Other people were injured in the shooting. There's been no update on their condition. Fortunately, there are no reports so far any major mudslides in neighborhoods in recent burn areas across southern California, but a lot of mud and redid get washed on the in the Malibu area and part of the highway is still closed run. Ennstal canyon road CB. Twos. Christie Fajardo says people living in hilly areas. Hit by reason. Wildfires did take a lot of precautions as last night's storm moved in just in case things got bad. We saw sandbags as well as K rails. Certainly homeowners. Very nervous public works tells us anything more than an inch. They start to get worried. They start to get into that dangerous. Cal trans crews still hard at work trying to clear blocked areas. PCH and the agency says the roadway could remain closed until Tuesday, southern California swimmers and servers are being urged to stay out of the ocean near storm drains because of the recent rain LA county health officials have issued a beach water use advisory through early Wednesday morning. Wind storms hit the drains were flushed out by rain, and that can cause bacteria chemicals and other hazardous materials to contaminate the water. A lot of good news and the latest jobs report from the Labor Department in many parts of the nation. December was cold. But the job market was pretty hot employers, adding three hundred twelve thousand jobs, and it wasn't just the number of. Jobs that was up wage growth has been slowly building over the last few months. It reached three point two percent wage growth from a year ago Andrew Chamberlain with the job. Search website glass door data that we have all show the economy still remain strong. It's still one of the best labor markets in generation. So if you're Konami is so strong. How come the stock market seems uncertain that best investors are looking forward? They see trade wars and government shutdown AS Roma's mixed signals from the White House. Charles Feldman, KNX, ten seventy NewsRadio. CHP looking for hit and run driver.
"andrew chamberlain" Discussed on KNX 1070 NEWSRADIO
"Or something like that. And not be able to travel on the roadways, and then it shuts down for everyone. She says de icing agents will be dropped soon on the highways in the mountain areas and the passes it's four zero nine. Nine despite the trade wars and the violent roller coaster ride of the stock market. Employers added more than three hundred thousand jobs last month and assign American economy is humming along if you follow the stock market during December, you might think the US is on the verge of a major recession or worse, but the market is one thing and the so-called real economy. In other words, things like jobs in corporate expectations is apparently still in high gear. My big Wall Street losses. It looks like the psychology of a slowdown hasn't really translated into any slowdown by employers. Andrew Chamberlain is the chief economist for the job search website glass door. Today's jobs report shows, a very strong and growing labor market one point of interest. Good news for the real economy could translate into bad news for the stock market, which might worry about increased federal interest rates that fear could send the market down in the coming months. Charles Feldman, KNX, ten seventy NewsRadio. New census estimates show the number of both legal and illegal Latino immigrants in California is falling. These states has not seen more than. Eighty thousand Latino immigrants in a single year since two thousand and eight Randy caps with the migration policy institute tells KNX a big reason for the decline is because of Mexico's economy Mexico's a much more prosperous country than it was fifteen or twenty years ago, it still poorer than the US, but there are a lot better job opportunities there. There are a lot more educational opportunities and the country's population is growing much more slowly than it used to capture says border enforcement. Also, a factor for the drop along with the high cost of living in California. But he says there's a specific increase in Central American immigrants mostly due to the violence and poor economic conditions in countries like Wata Malla and Honduras. Our eye in the sky is checking out the one, oh one out of the coin capacity to downtown LA. We'll have all the very latest from him. That's coming up and traffic in less than four minutes. It's four eleven. Robert here. Robert, somebody burned down, my she shed, no one bird. Now, your she shed Cheryl all really Victor because my she sheds burning up in the backyard. She shared was struck by lightning, Cheryl, Robert state farm cover. My she shed shed. She turned are shed mature hideaway, Robert. Oh, yeah. That's covered here that Victor. I'm getting a new she she year. She can we stop says she showed now go with a win. That's here to help life go, right? State farm. Talk to an agent today. Here's a program from our archives in the Swiss village of couse dot com. They sure.
"andrew chamberlain" Discussed on KNX 1070 NEWSRADIO
"Of location data, the disclosures are fully appropriate, and we will defend them vigorously reporting live, cloudy, fescue, KNX, ten seventy NewsRadio trade wars and stock markets. Be damned. Employers added more than three hundred thousand jobs last month and assign the American economy is humming along if you follow the stock market during December, you might think the US is on the verge of a major recession or worse, but the market is one thing and the so-called real economy. In other words, things like jobs corporate expectations is apparently still in high gear. Well, this big Wall Street losses. It looks like the psychology of a slowdown hasn't really translated into any slowdown by employers. Andrew Chamberlain is the chief economist for the job search website glass door. Today's jobs report shows, a very strong growing labor market one point of interest. Good news for the real economy could translate into bad news for the stock mar-. Which might worry about increased federal interest rates that fear could send the market down in the coming months. Charles Feldman, KNX, ten seventy NewsRadio. State officials have yet to determine whether non-citizens voted in last year's elections. But they're looking into it. In a written statement, the secretary of state's office has confirmed that an investigation is underway to see if ineligible. Individuals who were eroneous registered to vote by the DMV cast ballots state Senator John Morlock of Costa Mesa has called the state's motor-voter program, a mess. Individuals that reregister or get their driver's licenses. Go online or getting very confused by the questions and the the line of the questions is more of a an opt out versus an opt in. He says he hopes secretary of state Alex Padilla conducts a thorough investigation. But thanks a district. Attorney may also need to do some probing. Make sure that non-citizens are not voting because we need to protect the sacredness of our vote idea has previously said voter registration mistakes from the DMV. Barbara career reporting for us. We've been a crash reported on the northbound four zero five near LAX will help you through that gonna check your drive in less than four minutes. It's twelve.
"andrew chamberlain" Discussed on KNX 1070 NEWSRADIO
"Concerned about. Have financially entangled the president and his business which is a tactic. They're using other countries with other people, they expect will be influential shift says there are many other areas to be investigated but Russia remains at the top two Kelton KNX, ten seventy NewsRadio ten thirty two on KNX trade wars and stock markets be damned. Employers added more than three hundred thousand jobs last month in assign the American economies humming along if you follow the stock market during December, you might think the US is on the verge of a major recession or worst. But the market is one thing and the so called real economy. In other words, things like jobs and corporate expectations is apparently still in high gear. Well, despite big Wall Street losses. It looks like the psychology of a slowdown hasn't really translated into any slowdown by players. Andrew Chamberlain is the chief economist for the job search website glass door. Today's jobs report shows, a very strong and growing labor market one point of interest. Good news for the real economy could translate into bad news for the. Doc market, which might worry about increased federal interest rates that fear could send the market down in the coming months. Charles feldman. KNX ten seventy NewsRadio. Ten thirty three on KNX added. Just to filed a federal lawsuit to the war of words between the teachers union and the LA school district in advance likely strike next week L A USD going to court and asking a federal judge to order special. Ed teachers remain on the job during the expected strike the teacher's union. UT LA says that lawsuit is nothing more than a strike stall tactic. Frankly, if the district really cared about special education students, they would have been bargaining twenty.
"andrew chamberlain" Discussed on NewsRadio 1020 KDKA
"Trends report for this past year. And also looking ahead to twenty nineteen their chief economist at glass door, Andrew Chamberlain said two thousand eighteen was the year of the woman both in politics and business another trend. This year was data privacy and breaches and artificial intelligence top trend for next year. Includes concerns about the recession a big demographic tidal wave is going to start hitting in twenty twenty the workforce will be growing much more. Slowly, that's a big change from the nineteen seventies or eighties. What it means? Is there might be labor shortages potentially for decades? Yeah. We've seen those kind of labor shortages, even in the Pittsburgh area and around the country too many jobs, not enough people to fill them what this means for job seekers is that this may be a strong. Market, and they should be negotiating for more, skills and development or training at work in for employers. What it means is they're not going to be able to find all the employees. They need to fill open position. Clearly could be a talent shortage in some job sectors, early employees of tech companies are always engineers, but once they build that core technology, if you wanna turn a technology into revenue, you need to hire those non tech employees, and that's true. Big tech companies need a lot of non tech employees, many high profile consumer data breach has made headlines, but what many employees aren't thinking about is how much data their employers are keeping them from surveys and performance from visas and biometric trackers and other things talk about job creation. State auditor general Eugene, deepest quality is going to be joining us live in the half hour ahead talking about creating jobs in Pennsylvania is our money. Well spent. What is the state doing a good enough job? Katie KYW news time, it's six twenty five. Let's get straight traffic and weather together on the fives. Powered by Nissan, fifty one south on top of the hill. Are we doing Scott just try to clear this accident and over on the Parkway north and has let street so function watch out for that? The good news is the Parkway north is up near seventy nine. So that's cruising along fairly well still a little heavy approaching nine ten in Wexford. We are getting reports of an accident in Richland township on route eight at fakers town road crews and responding to the scene headed towards route eight on.
"andrew chamberlain" Discussed on KMOX News Radio 1120
"And if you drive an SUV that'll cost you almost one hundred seventy four thousand dollars the cities with the longest average, commutes, Atlanta, Houston and Dallas a public opinion poll shows that Palestinian President Mahmoud Abbas would lose to the leader of the Islamic militant group HAMAs. Civil actions were held today prominent pollster Khalil shaky links results to what's perceived as a HAMAs win in. It's latest confrontation with Israel and dissatisfaction with the bosses government, particularly over a new social security law. Reporters without borders reports an increase in the number of journals. Killed and imprisoned worldwide this year, the Paris based group said sixty three journalists have died so far this year in relation to their jobs compared to fifty five in two thousand seventeen another thirteen people. It describes as non-professional. Journalists also died while three hundred forty eight were held in detention around the world the deadliest country for reporters in two thousand eighteen Afghanistan were fifteen died in violent attacks. CBS says former chairman and CEO, les Moonves will not get the one hundred twenty million dollars severance payment his contract called for the CBS. Board of directors said yesterday there are grounds to terminate Moonves for 'cause allowing the company to block that payout. From this Defoe Bank business desk glass door released its annual job market trends report, glass door, chief economist Andrew Chamberlain said twenty eighteen was the year of women both in politics and in business top trends for next year include concerns about recession and an aging workforce likely to mean talent shortages demographic tidal wave is going to start hitting and twenty. Eight twenty the workforce will be growing much more. Slowly, that's a big change from the nineteen seventies or eighties. What it means is there might be labor shortages, potentially for decades. And the forecast, which I'm not sure is sponsored by anyone. No, okay. It's a sunshine and fifty three degrees today thirty five overnight and then more sun with a few clouds moving in in the afternoon. Fifty six tomorrow..
"andrew chamberlain" Discussed on KQED Radio
"College she hopes to find a better paying job to make ends meet and she might just be in lock entry level wages are rising fast payroll processor adp reports that sixteen to twenty four year olds just entering the workforce are earning on average about five percent more than last year wages for workers overall are only about half as much one reason a lot of young people work low wage jobs when they start out and a host of cities and states have raised their minimum wages recently says the economists michael strain at the american enterprise institute you know in a lot of cases firms raised workers who aren't earning the minimum wage earning close to the minimum wage and so there's kind of a ripple effect plus some jobs that young people go for are in high demand says andrew chamberlain at jobsite glass door we see pretty fast wage growth for low skilled roles like retail cashiers security officers and baristas workers hardly ever moved between cities for those roles that means it's easy for there to be labor shortages in one particular area the wage story is different for college graduates they're average starting salary this year is about the same as it was in two thousand nine after adjusting for inflation just over fifty thousand dollars says marianne morris at hr firm korn ferry they're still a lot of people graduating from college says still fierce competition to land a job organizations have their pick who they want to hire even so young workers with a college degree typically earn a lot more than those with only a high school diploma mitchell hartman for marketplace marketplace morning report is supported by carbonite offering data protection solutions for businesses including automatic backup for servers endpoint protection high availability and disaster recovery and data.
"andrew chamberlain" Discussed on KQED Radio
"A week once she's in college she hopes to find a better paying job to make ends meet and she might just be in lock entry level wages are rising fast payroll processor adp reports that sixteen to twenty four year olds just entering the workforce are earning on average about five percent more than last year wages for workers overall are only up about half as much one reason a lot of young people work low wage jobs when they start out and a host of cities and states have raised their minimum wages recently says economists michael strain at the american enterprise institute in a lot of cases firms raised workers who aren't earning the minimum wage earning less than the minimum wage and so there's kind of ripple effect plus some jobs that young people go for are in high demand says andrew chamberlain at jobsite glass door we see pretty fast wage growth for low skill rolls like retail cashiers security officers baristas workers hardly ever moved between cities for those roles that means it's easy for there to be labor shortages in one particular area the wage story is different for college graduates they're average starting salary this year is about the same as it was in two thousand nine after adjusting for inflation just over fifty thousand dollars says marianne morris at hr firm korn ferry they're still a lot of people graduating from college says still fierce competition to land a job organizations have their pick of who they want to hire even so young workers with a college degree typically earn a lot more than those with only a high school diploma i'm mitchell hartman for marketplace the trump administration is reportedly looking at ways to prop up or subsidize uncompetitive coal and nuclear power plants this from a memo marked draft obtained by the bloomberg news service what would be a dramatic intervention in the energy market would force the grid operators to purchase power from plants that have trouble compete meeting with plentiful and cleaner natural gas plants additionally nuclear plants have their own set of problems bloomberg news says this is one option that's part of what could be a strategic electric generation reserved to be discussed in a national security council meeting today marketplace morning report is supported by carbonite offering data protection solutions for businesses including automatic backup for servers endpoint protection.
"andrew chamberlain" Discussed on KCRW
"Pay and that's how we improve our standard of living over time says andrew chamberlain at jobsite glass door you have to have wages is growing faster than inflation if you're just keeping up with inflation you're a treading water you're not actually moving ahead so this recent wage news bodes well for workers but what about for employers and investors here's marketplace's marielle sagarra to explain today's labour numbers good news right for investors may be not so much that's because they see allotted downside to low unemployment a tight labour market means companies have to pay higher wages gusts foce chief economist at pnc financial services group says those companies probably will ray reyes prices to make up for their higher labour costs so inflation which is broadly prices throughout the economy inflation is going to be a bit stronger in response to rising inflation the federal reserve may aggressively hike interest rates and karen petru at federal financial analytics says higher interest rates can hurt stock prices by cutting into demand for shares rising rates creating an incentive for investors to hold safer assets such as bonds because they're earning a better return and they no longer need to take all of the risk in the stock market higher interest rates also make it more expensive for companies to borrow money tim courtney is chief investment officer at exantia a wealth advisers that all things being equal is going to either cut into profits or it's going to cut into activities that that those companies might have borrowed to do lower investment means lower growth and lower stock prices mary all sagarra for marketplace one more thing about that papon by the way and he got a file this really under correlation is not causal body but it is worth a note that eighteen states raised their minimum wages affected january the first mm two ardo do you like in the super bowl on sunday how the eagles are the pass first of all eagles because of course but more and more to the point do me a favor when you're watching the game as more than one hundred million people just in this country will and think about this between all the action nbc is sure to.
"andrew chamberlain" Discussed on Marketplace All-in-One
"Lorde all right as promised we are going to dig into the wages slice of this morning's jobs report now because it is a big deal as lee said average hourly earnings were up two point nine percent last month compared to january a year ago that is right up at the high end of what we've seen since the end of the recession and it continues the trend of better pay that was building at the end of last year which is great but it does come at the end of a decade that for the most part has been really mad wage wise for a long time is marketplace mitchell hartmann reports first we gotta say this is a significant improvement from earlier in the recovery when so many people were unemployed and workers had little bargaining power to ask for higher pay but now with unemployment low and fewer potential workers left on the sidelines basic economic rules seemed to be kicking in says bernie bow mal at the economic outlook group the law supplyanddemand supply and demand a growing scarcity of waiver we will begin to see wagered pick up and for american consumers they need to because for much of the past decade wage increases have only barely kept up with rising prices in fact stagnation in real wages adjusted for inflation goes way back says lee schooled at the economic policy institute the vast majority of workers have seen little gains to a growing economy at the past forty years wages are only up at less than seven percent that's a seven percent pay raise for a household earning the median income after accounting for price inflation over four decades now you might think that's not so bad at least it is a raise but actually the economy needs to deliver a lot more wage growth than that so as we get more productive from advances in laboursaving technology we can take home more pay and that's how we improve our standard of living over time says andrew chamberlain at jobsite glass door you have to have wages is growing faster than inflation if you're just keeping up with inflation.
"andrew chamberlain" Discussed on KOMO
"Last few quarters it's hard to believe we can keep up that pace um that's much of a faster than average i think most economists are predicting something in the range between two and three percent um true that some people have revised growth upwards slightly because of the tax built me it's hard to overstate how big corporate tax changes are in that bill really big changes to rates and really big changes to how companies can expense investments we might see a slight bump up because that andrew before i let you go i think anyone who has a 401 k certainly loves what has been happening on wall street since coming out of the great recession should there be any concerns any time you see this type of acceleration peeve i think people automatically go are are we in some type of bobble are there any red flags for use you look at the stock market well i did the leading causes the processional really three things one is that an asset bubble collapse thing which is one that you mentioned that maybe people are worried about the other things to worry about her big changes in oil prices or um uh the federal reserve moving to pass on monetary policy so today um if you look at uh assets like housing and stocks um many people do think markets are overvalued in some areas probably not as much as people were the last recession but it is something to be concerned about and watch uh the good goodstein a good sign that you can look four when you know it's the bubble is when you see amateurs getting into a market so anytime you start to see uh uh people on a raft uh getting into stay block chain or bitcoin technologies or getting into the housing mark when they really don't have expertise in that field um that's when you start to worry well as a proud amateur i'll do my best to stay out of it just to help the greater good andrew chamberlain dr andrew chamberlain is the chief economist four glass door and a proud alum of west seattle high school andrew we appreciate your time very much upgrade weekend it could bucket come coming who signed for speaking out on wall street it's time for your propel insurance money update with bruce sale general mills said it has thirty.
"andrew chamberlain" Discussed on KQED Radio
"Need to be able to operate a computer or do they only need to be able to do if thirty five pounds marin says another thing that employers need to understand is that wages need to rise naam towing manufacturer now if you're below twelve dollars an hour i don't know that i'm going to be the person be able will help you drive that's because in the past year job openings have nearly doubled in western north carolina where he works and the supply of additional workers is shrinking fast warton's peter capelli says part of the problem is employers haven't adjusted to new conditions for years they've had their choice of workers desperate for a job now the labor market is tightened says capelli but many employers haven't responded wages have not gone up despite all the talk about a tight labour market and i think most important for the economy we still don't see lots of employers being willing to take people in right out of school and train them for jobs jason moran says that's also the case with many companies he deals with companies anxious to meet quarterly earnings targets don't want to spend money training workers that's left the ball in his court so he finds workers and gets them enrolled in community college programs and then we're able to move those folks from cnn who level position epa and the twelve dollar range and then promote them within those companies at the at the sixteen seventeen dollars are not ring glass doors andrew chamberlain says it is important for companies to adjust their behaviors for their own good every open position and the economies money left on the table it's a it's a loss paycheck to a worker it's also lost productivity to the company and its lost growth for the us economy john it's sti npr news washington yeah stay.
"andrew chamberlain" Discussed on KTRH
"Com click an operation storm watch meantime in the political world that just still has to focus on immigration the left continuing to claim that deporting illegal aliens would cost this country more than allowing them to stay here will not so according to a new report the center for immigration studies founded amnesty for all illegal aliens would cost taxpayers six to eleven times more than deporting the all leading in gil people into a developed society creates costs for taxpayers there's just no way to avoid the group's mark krikorian says the problem is that illegal aliens do not collect as many government benefits as legal citizens all government services they receive soda include things like education for their kids and things that aren't welfare it's not duck well while krikorian doesn't believe that all illegal aliens will be deported he says it's time to at least start the discussion about the cost nick rank mitch newsradio 740 ktrh unemployment meantime we were talking about at lowest rate in sixteen years however wage growth is stagnant now blast duer chief economist dr andrew chamberlain says it wage growth is at two and a half percent it should be around three and a half percent he says many of the jobs being created to and our job growth are entry level many are a leisure and hospitality which is low paying rather than higher paying role that pole down the average also you've got a lot of baby boomers who were at their peak earning years that are leaving labourmarket market retiring yeah baby boomers leaving with their higher salaries means that the average drops he says don't blame you legal aliens he says they're mostly taking construction and food service jobs but you just heard him say the service industry is lowerpaying than others are news time right now 7 of four historians we've got our chance to say farewell to former texas governor mark wide on wednesday he died saturday of a heart attack at his home he had been undergoing cancer.
"andrew chamberlain" Discussed on Marketplace All-in-One
"In about an hour and a half we'll get the labor department's employment report for june economists are expecting roughly one hundred seventy thousand new jobs added to payrolls with the separate unemployment rate holding steady at four point three percent the pace of job gains has slowed down in recent months suggesting the economy is near what analysts consider full employment meaning it's getting harder for some employers to find qualified workers marketplace's mitchell hartmann takes a look at some of the most in demand jobs one way to figure out which occupations are most in demand is to see where employers are raising salaries to attract new workers andrew chamberlain tracks this for jobsite glass door pharmacy tech registered nurses software engineer data scientists if you're in any of those jobs is a tight labour market he says employers are also struggling to fill online retail jobs like warehouse associate and delivery driver william dunkelberg at the national federation of independent business says construction workers are scarce in some regions that sector shrunk dramatically amounts trying to expand and the workers were there in a win somewhere oh women lost her job many manufacturers say they can't find enough skilled workers though andrew chamberlain isn't convinced since wages are actually falling for some factory jobs you have to be skeptical when you hear anyone saying that they can't find the workers if they're not raising wages chamberlain says one of the hottest jobs right now is recruiter in a tight labour market employers look to these hr types to find the workers they need i'm mitchell hartmann for marketplace.