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Wage compression (also known as salary compression and pay compression) [1] refers to the empirical regularity that wages for low-skilled workers and wages for high-skilled workers tend toward one another. As a result, the prevailing wage for a low-skilled worker exceeds the market-clearing wage, resulting in unemployment for low-skilled workers.
Median weekly earnings of full-time wage and salary workers, by sex, race, and ethnicity, 2009. The Census Bureau tracks yearly earnings, which includes bonuses. The Bureau of Labor Statistics tracks weekly earnings, which does not include bonuses. In 1980, women earned 60.2 percent of what men earned. In 1990, 71.6 percent. In 2000, 73.7.
Full-time status varies between company and is often based on the shift the employee must work during each workweek. The "standard" work week consists of five eight-hour days, commonly served between 9:00 AM to 5:00 PM or 10:00 AM to 6:00 PM totaling 40 hours. While a four-day week generally consists of four ten-hour days, it may also consist ...
Based on initial estimates, May’s jobs report from the Bureau of Labor Statistics, due out Friday at 8:30 am ET, could be similar: Economists are expecting job growth of 180,000 payrolls and an ...
Average attendance last year was among the 10 worst in the NCAA’s top level. Yet Georgia State’s 32,000 students are still required to cover much of the costs. Over the past five years, students have paid nearly $90 million in mandatory athletic fees to support football and other intercollegiate athletics — one of the highest ...
Some 45 percent of Gen Z and millennial workers feel like they’re on track with retirement savings, compared to 26 percent of Gen X and 34 percent of boomers, according to a Bankrate survey ...
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