Portugal's new minimum wage buys you 1.1 Big Macs – how that compares to other countries: theguardian.com/news/datablog/… http://t.co/0BHAfgRhHe—
Alberto Nardelli (@AlbertoNardelli) September 25, 2014
The European minimum wage measured with the Big Mac index
27 Mar 2015 Leave a comment
in minimum wage Tags: Big Mac index, Eurosclerosis
Is the gender wage gap in New Zealand 6% or 9.9%?
26 Mar 2015 Leave a comment
in discrimination, econometerics, gender, labour economics, labour supply, occupational choice, politics - New Zealand
The OECD puts the gender wage gap in New Zealand at about 6% for full-time employees on an hourly basis when measured using median earnings.
The Ministry of Women’s Affairs puts that gender wage gap estimate at 9.9% by measuring median hourly earnings, but the Ministry includes both full-time and part-time employees.
Conflating full-time and part-time earnings when measuring wage gaps is unwise. The level of compensating differentials in full-time and part-time jobs differ. More of the net pay package of a part-time job would be convenience and flexibility. A full-time job tends to indicate greater commitment to the labour force day in day out and less interest in flexibility and time off during the week.
England riots culprits jailed for 1,800 years, which deterred crime
26 Mar 2015 Leave a comment
in economics of crime, labour economics, law and economics, occupational choice Tags: crime and punishment, criminal deterrence, London riots
The level of lawlessness was shocking and wholly inexcusable. The imposition of severe sentences, intended to provide both punishment and deterrence, must follow…
The context hugely aggravates the seriousness of each individual offence … the sheer numbers involved may have led some of the offenders to believe that they were untouchable and would escape detection…
When there is wanton and vicious violence of gross degree the court is not concerned with whether it originates from gang rivalry or from political motives. It is the degree of mob violence that matters and the extent to which the public peace is broken.”
The Lord Chief Justice Judge
The response of the criminal fraternity in London to the sentences handed out during the London riots was very business like. Offending for those particular sentences dropped. Criminals substituted to other forms of crime to pursue their chosen occupation as a criminal in light of the changed incentives:
…a significant drop in riot crimes across London in the six months after the riots, consistent with a deterrence effect from the tougher sentencing. More evidence of general deterrence comes from the observation that crime also fell in the post‐riot aftermath in areas where rioting did not take place.
Women who worked 34 hours or less per week earned 5.6% more than their male counterparts
26 Mar 2015 Leave a comment
in discrimination, gender, labour economics, labour supply, occupational choice Tags: gender wage gap, part-time work
The gender gap that has no name
26 Mar 2015 Leave a comment
in discrimination, gender, health and safety, labour economics, occupational choice Tags: fatal occupational injuries, gender fatalities gap, workplace injuries
The New Zealand gender wage gap is 6%, not 36% as the Greens claim
25 Mar 2015 Leave a comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice, politics - New Zealand Tags: gender wage gap
Another job that was replaced by a robot
25 Mar 2015 Leave a comment
in applied welfare economics, labour economics, labour supply, occupational choice, technological progress Tags: automation, creative destruction, technological unemployment
The gender wage gap is fading away for women aged 25 to 34
24 Mar 2015 Leave a comment
in discrimination, gender, labour economics Tags: gender wage gap
via Chapter 1: Trends from Government Data | Pew Research Center’s Social & Demographic Trends Project.
President Bartlett defends gay marriage
23 Mar 2015 Leave a comment
in discrimination, economics of religion, TV shows Tags: gay marriage, West Wing
The industries where personal connections matter the most in getting a job – The Washington Post
23 Mar 2015 Leave a comment
in job search and matching, labour economics, occupational choice Tags: job networks
via The industries where personal connections matter the most in getting a job – The Washington Post.
Why Are Unions So Focused on Fighting Trade Deals? – WSJ
23 Mar 2015 Leave a comment
in applied welfare economics, international economics, poverty and inequality, unions Tags: free trade agreements, middle-class wage stagnation
Half of all U.S. workers represented by unions work for governments, and another 12% are in education or health care. Trade has very little direct impact on them. Another 20% of workers represented by unions are in construction, wholesaling, retailing or transportation doing jobs that are largely immune from import competition.
Less than 10% of all the workers that U.S. unions represent today are in manufacturing or agriculture, the industries most exposed to harm from globalization. Trade creates winners and losers; a small fraction of union workers are among the obvious losers.
The reasons advanced by the American union movement is trade deals enhance the bargaining power of employers over workers and is a major contributor to the wage stagnation over the last 20 years.
I hope the Unions got that analysis of trade and wages growth right because most union members benefit from the lower prices from import competition.
via Why Are Unions So Focused on Fighting Trade Deals? – Washington Wire – WSJ.
Utopia, you are standing in it! 
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