The Minimum Wage Debate

A minimum wage is the lowest remuneration that employers can legally pay workers, a concept that remains controversial.  Proponents tend to argue that increasing the minimum wage reduces poverty, while opponents believe that increases in the minimum wage reduce employment opportunities. This debate continues and is unlikely to be resolved.  The federal minimum wage of … Continued

Turnover

In the context of human resources, turnover is the process of replacing a departing employee with a new hire.  An organization’s turnover experience is measured as a percentage rate, which is referred to as its turnover rate. Investors should be aware of the turnover rate when considering an investment opportunity.  High turnover has often been … Continued

Markets Work

For the last several years, there has been an increase in the political rhetoric relative to wages, and more specifically, the national minimum wage of $7.25 per hour, which was last changed in 2008.  However, there has been some movement by state and municipal governments to establish local minimum wage rates at levels well above … Continued

Are Real Wages Finally Firming?

We have previously commented on the issue of lackluster U.S. economic growth.  (See our blog from  Jul-12)  Among the possible causative factors, relatively modest gains for real wages has been highlighted by many economists. We have seen unemployment steadily decline to near record lows.  At the same time, we have not seen much in the … Continued