Discover and read the best of Twitter Threads about #Wages

Most recents (17)

[LIVE ORDER THREAD] #SupremeCourt

The Supreme Court will shortly dictate orders in a batch of petitions challenging the March 29 @HMOIndia notification compelling payment of #wages to workers during the period of #lockdown Employers had urged that "no work no pay" rule apply
The three judge bench of Justices Ashok Bhushan, Sanjay Kishan Kaul and MR Shah had observed in the earlier hearing that since from May 18 wages payment was back to normal, court needs to see if #wages had to be paid for the 54 days from when #Lockdown1 was announced
The petitioners had argued that one way to meet the payment of #wages to employees was by utilizing the ESI funds with the Centre. However AG KK Venugopal had submitted that diversion of ESI funds wasn't usually adhered to.
Read 12 tweets
/// THREAD on Chancellor @RishiSunak's announcement tonight on the future of the income support schemes. 1/
After considerable media speculation, the Chancellor has finally pronounced on the economic future of millions, by detailing the changes to be made to the #JobRetentionScheme (JRS) and the #SelfEmployedIncomeSupportScheme (SEISS). theguardian.com/politics/2020/… 2/
These have been the two most important income support measures in what is likely to be the biggest economic recession in modern history. Both had serious shortcomings from the get-go. 3/
Read 22 tweets
Let us talk about the #FED #FOMC's 1st #MonetaryPolicy meeting of 2020. Specifically, let us talk about the puzzle that is a flatter #PhillipsCurve...
The #FederalOpenMarketCommittee (#FOMC) of the #FederalReserveBank (#FED) of the #US concluded its 1st meeting of 2020 on the 29th January 2020. As expected, the FED did not change rates but left the #KeyPolicyRate, the #FederalFundsRate (#FFR) in the 1.5%-1.75% range...
Indeed, if one considers the #FED #Dotplot of December 2019, the decision to keep rates unchanged would not come as a surprise. What I wanted to focus on today is some key passages in the statement, highlighted in yellow in the screenshot below...its all #PhillipsCurve...
Read 17 tweets
Lets talk about how important it is to frequently #Review #CentralBank #MonetaryPolicy #Frameworks...
I will set things off by pointing out that the various facets of #BusinessCycles (early, mid, late / boom & busts) consistently keep reminding us that what goes up, must come down. We might find ourselves in a prolonged #expansion, but eventually it decelerates into a #recession
As part of #Macroeconomic management (counter cyclical), a #CentralBank's objective (through its #MonetaryPolicy) is to maintain #PriceStability & #FinancialStability & in other cases, to promote #FullEmployment. It does this hand in hand with #FiscalPolicy...
Read 15 tweets
2019 ends with solid job growth and tepid wage growth.
epi.org/press/2019-end…
1/n #Jobs #JobsReport #BLS #Wages
This morning’s report from the Bureau of Labor Statistics shows that December payroll employment growth was 145,000 and year-over-year nominal wage growth was 2.9%—the lowest it’s been in 18 months. The unemployment rate came in at 3.5%, holding steady since November.
2/n
Today’s report gives a look back on all of 2019. Average monthly job creation has held remarkably steady for the past nine years, but it did soften in the last year, from 223,000 in 2018 to 176,000 in 2019, as the one-time boost of the fiscal stimulus from 2018 has wore off.
3/n
Read 13 tweets
Statistics show that the average Malaysian makes about RM2,308 (median) or RM3,087 (mean) monthly.

How much do you need to survive?

#Malaysia #Salaries
Are Malaysian salaries insufficient? How much do you make compared to the average in your field?

Read more: bit.ly/insufficient-s…

#Wages
Are salaries keeping up with the cost of living? How does the national #inflation rate compare to the #growth of salaries in Malaysia?

Read More: bit.ly/salaries-keepi…
Read 3 tweets
@Kris_Sacrebleu We should expect a ‘rhyming’ of our mid-19th century era surrounding our Civil War.
The #GOP (POTrump-#Republicans) shall end, leaving a blessed ‘conservative power drought’ lasting about as long as the Lincoln-to-Arthur 24-yr. GOP dominant era; we’ve no time for conservatism.
👇🏼
@Kris_Sacrebleu 👉🏼There will be far too much to prosecute, legislate for, and plan if we are to last another century.
Do NOT expect assassinations. Do expect continued domestic terror and prodding from, . . . wait for it . . . —RUSSIA.
The thing yoking America today, 👇🏼
@Kris_Sacrebleu 👉🏼 as much as slavery once did, is the scourge of #PartyPolitics which bred corporate control via sponsorship; #Democrats thankfully do acknowledge this, so look for the Dems to do the one thing they do best: self-dismantle their own power through #ElectionReform, 👇🏼
Read 7 tweets
The new @wiiw_news Handbook of #Statistics 2018 contains updated key #macroeconomic & structural indicators for 22 economies in #CESEE serving as easy-to-use reference tool & facilitating comparisons across topics, countries & time.
wiiw.ac.at/wiiw-handbook-…
Thread: 1/11
New features of the 2018 ed. include e.g.
- new key indicators at #regional levels
- #wages & #investment data by activity now also available for #Turkey
- comparable #structural breakdown for all countries
Find below examples of some conclusions from the newly released data
2/11
All countries in #CESEE experienced positive #economic #growth in 2017, clear leader was #EUCEE with average real GDP growth of 4.9%. Ten economies achieved their highest real #GDP growth rates over the last 5 years.
3/11
Read 11 tweets
Today we release our annual @wiiw_news Autumn #Forecast Report, with macroeconomic projections for #CESEE out to 2020. Below, a thread on the highlights 1/13
#Growth still looks quite good for most, notable upgrades this time for #Poland, #Serbia, #Hungary. But downgrades for several #EU members, plus #Turkey, #Macedonia and #Belarus. 2/13
Over the #forecast period we expect best growth performance in #EUCEE and #WesternBalkans, although both will slow by 2020. Outlook for #CIS & #Ukraine weaker. 3/13
Read 14 tweets
(1/17)

The Story Behind The Countryside Living Allowance…

…or…

How I discovered a policy that could raise wages and bring about full employment…

…a thread.

#CLA
(2/17)

Minimum wage can drive marginal workers into unemployment.

Or push them into undesirable jobs with no room for professional growth.

So a policy that can promote employment AND raises wages is the Holy Grail of Economics

#fullemployment #wages
(3/17)

It all began when I was working on a project for tax and welfare reform.

My job was to investigate the revenue generating potential of Land Value Tax and the ease of avoiding payment.

#LVT
Read 17 tweets

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