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What’s Behind Restaurant Workers’ Faster-Rising Paychecks?

Workers fill an order at a Checkers Drive-In Restaurant in Milledgeville, Ga. Higher sales led the Checkers Drive-In Restaurants Inc.

Source: http://blogs.wsj.com/economics/2015/03/02/whats-behind-restaurant-workers-faster-rising-paychecks/?mod=WSJBlog

What Happened to Unions in the Midwest?

A crowd protests inside the Wisconsin State Capitol this week in opposition to a right-to-work legislation. A ranking of America’s most-unionized states didn’t include any industrial Midwestern states, long viewed as union strongholds.

Source: http://blogs.wsj.com/economics/2015/02/26/what-happened-to-unions-in-the-midwest/?mod=WSJBlog

Low Inflation Helps Boost Americans’ Spending Power in January

A mix of falling inflation and rising wages last month gave Americans their biggest real raise in more than six years.
Inflation-adjusted average hourly earnings jumped a seasonally adjusted 1.2% in January, the largest monthly gain since December 2008.

Source: http://blogs.wsj.com/economics/2015/02/26/low-inflation-helps-boost-americans-spending-power-in-january/?mod=WSJBlog

U.S. Productivity Now Grows Faster Than Jobs. What Changed?

Automated welding machine robots assemble automobile bodies last last year.
Getty Images

Some economists call it the “great decoupling.”

Source: http://blogs.wsj.com/economics/2015/02/25/u-s-productivity-now-grows-faster-than-jobs-what-changed/?mod=marketbeat

Be Calm, Robots Aren’t About to Take Your Job, MIT Economist Says

MIT economics professor David Autor says, “If we automate all the jobs, we’ll be rich.”
Dominick Reuter for The Wall Street Journal

David Autor

Source: http://blogs.wsj.com/economics/2015/02/25/be-calm-robots-arent-about-to-take-your-job-mit-economist-says/?mod=marketbeat

Highlights From Janet Yellen’s Report to Congress, Day 2

Federal Reserve Board Chairwoman Janet Yellen testifies during a House Financial Services Committee hearing on Capitol Hill on Wednesday.
Getty Images


Source: http://blogs.wsj.com/economics/2015/02/25/video-janet-yellens-report-to-congress-day-2/?mod=WSJBlog
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