Pay Increases in Other Forms

A key measure many economists look to in determining the health of the labor market is wage growth.  As employment rises and the job market becomes more competitive, people look for higher paying jobs and an increase in wages.  What many people fail to recognize in terms of wage growth are the pay increases they receive that do not come …

Income Gaps: It’s About Who You Work For

As the never-ending debate regarding income inequality remains at a gridlock, perhaps it’s time to shift our focus from an individual and consumer level, to a company level. As we can see from the first graph in the series of graphs below, the 90th percentile of the largest 500 companies have increased their market share dramatically. While we have seen …

What’s for Dinner?

For the first time since the data has been recorded, sales at restaurants and bars in the United States have eclipsed those of grocery stores. The recent jump in discretionary spending in this space has pushed wages in the restaurant and bar service industry higher recently as the labor market has tightened and demand has increased. We hear a lot …