CNNMoney has created a nice infographic using data from a new report (pdf) by the Center for College Affordability and Productivity: The report, citing data from the Bureau of Labor Statistics, documents widespread “underemployment”of college graduates. Against the conventional wisdom, the authors (who include conservative economist Richard Vedder) write: “We are churning out far […]
Janelle Jones, Milla Sanes, and I have a new short CEPR report with data on the change in union membership last year across the 50 states and the District of Columbia. The main value of the report is that it breaks down union membership in each state by the public and private sector, something not […]
Larry Mishel and Nicholas Finio of the Economic Policy Institute have some new numbers out today on how high earners have been faring in the economic recovery. Not too surprisingly, they appear to be doing just fine, thank you. The whole report is worth a read, but I want to call attention to one chart […]
On January 1, the maximum amount of annual earnings subject to the Social Security tax increased to $113,700 (up from $110,100 last year). In response, Nicole Woo, Janelle Jones, and I have updated our estimates of the share of workers earning above the new “payroll tax cap.” According to our analysis, which is based on […]
With the new union membership numbers out from the Bureau of Labor Statistics on Wednesday, I’ve updated the chart we use at CEPR to keep track of long-term trends in union membership rates. In historical context, last year’s numbers for both the public and private sector were in line with long-term trends. The 0.3 percentage-point […]
By John Schmitt and Janelle Jones On January 23, the Bureau of Labor Statistics will release its estimates of “Union Membership” for 2012. Using the same data from the Current Population Survey (CPS), we have compiled advance estimates for union membership and coverage for 2012 and find a large drop in unionization last year. Most […]
Economic commentator Evan Soltas really missed the boat in his most recent Bloomberg column on the minimum wage. He gets some of the economics right —the best empirical evidence on the minimum wage, he notes, for example, “find[s] small, if any, impacts of the minimum wage on employment.” But, his analysis of the politics is […]
