Tuesday, January 27, 2015


Econ Comments & Analysis                                                                                            
Wall Street Journal | When Workers Choose
No Administration in decades has favored organized labor like President Obama ’s, yet union membership keeps declining, as it did again last year according to Friday’s annual report from the U.S. Bureau of Labor Statistics. The story seems to be that when given a choice, many union members would rather not pay for the privilege.
Wall Street Journal | Solving the Puzzle of Stagnant Wages
The elation over wage increases in private business reported in last month’s job report has been replaced by disappointment. The Bureau of Labor Statistics reported on Jan. 16 that average hourly earnings fell five cents in December, eating up most of the six-cent increase in November. Between 2010 and 2014, the average real wage fell 1.1%, a poor showing after rising 3.4% between 2006 and 2010. What accounts for this performance?