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The decoupling of median wages from productivity, sometimes known as the great decoupling, [1] is the gap between the growth rate of median wages and the growth rate of GDP per person or productivity. Erik Brynjolfsson and Andrew McAfee highlighted this problem toward the end of the twentieth century and the beginning of the twenty-first ...
The International Labour Organisation reported that global wage growth has been slowing down reaching the lowest growth rate from 2.4 per cent in 2016 to 1.8 per cent in 2017 [8] claiming that in spite of the recently increased investment in capital, the weak labour productivity has been the main issue that contributes to the current sluggish ...
Higher education and health care were the biggest creators of high-wage [clarification needed] jobs in the Pittsburgh region between 1999 and 2005. Education accounts for almost 80% of high-wage jobs in Allegheny County. The Pittsburgh area has seen growth in other sectors as well.
National average wages and salaries grew by nearly $15,000 from January 2021 to October 2023, according to the JEC Democrats.
Mar. 8—WILKES-BARRE — Pennsylvania's total non-farm jobs were up 14,800 over the month to a record high of 6,129,900 — the sixth consecutive record high for Pennsylvania's jobs count. Jobs ...
The Commonwealth's unemployment rate was one-tenth of a percentage point above its August 2023 level of 3.3%, while the national rate was up four-tenths of a percentage point over the year ...
It documented how the UK's 1979 - 2010 real wage growth across deciles has stagnated since 2003. Its models found that pre-2003, a doubling of the unemployment rate saw median wages fall 7%, but now the same doubling sees a fall of 12%. [15] A 2018 paper contended that a major source of wage stagnation is underemployment.
Higher benefits costs helped drive the index to its biggest quarterly increase in a year: Those shot up to 1.1% from a 0.7% gain the prior quarter, while wage and salary growth was unchanged at 1.1%.