@hshierholz.bsky.social
President, @EPI-org. Board member, EPI Action. Former Chief Economist, US Dept of Labor. Bike commuter, backyard beekeeper. Tweets my own. She/her.
@lizshuler.bsky.socialReposted by @hshierholz.bsky.socialTripling union membership could put $7,700 more a year in the typical worker’s pocket. That’s money for rent, groceries and a little breathing room. Working people don’t need another lecture about budgeting. They need the power to bargain for more.
@epi.orgReposted by @hshierholz.bsky.socialEPI’s Program on Race, Ethnicity, and the Economy has been selected as a finalist for the Anthem Awards! Vote for EPI in the Belonging and Inclusion category by October 29 👇
@benzipperer.orgReposted by @hshierholz.bsky.socialThanks to Trump's war, a complete reversal of wage gains
@josheidelson.bsky.socialReposted by @hshierholz.bsky.socialHonored to receive this award from @SidneyHillman.bsky.social for my Businessweek investigation on artificial stone silicosis. Thank you! Grateful to everyone who makes this work possible.
www.hillmanfoundation.org/sidney-award...
Here’s a gift link to the story: www.bloomberg.com/news/feature...
@elisegould.bsky.socialReposted by @hshierholz.bsky.socialWorkers have seen zero progress on affordability compared to January 2025. Real wages are essentially stagnant as workers leverage has declined and prices have risen. It's no wonder workers feel left behind in the current economy.
#econsky #numbersday
@elisegould.bsky.socialReposted by @hshierholz.bsky.socialWorkers are losing the race between wages and prices. Nominal wage growth continues to decelerate as workers lose bargaining power at work. Workers simply don't have the leverage to bid up their wages. Reduced leverage and higher prices translated into falling YoY real wages for six months in a row.
@arindube.bsky.socialReposted by @hshierholz.bsky.socialApropos of today, Alan Manning should get the Nobel for his contributions on imperfect competition in the labor market (aka monopsony). He was an early advocate that moved the discipline. A hugely generative work that has dramatically changed labor economics.
@arindube.bsky.socialReposted by @hshierholz.bsky.socialApropos of claims being made on the other site about minimum wage effects on jobs. I encourage you to look at our work on the own-wage elasticity (OWE). Most studies suggest effects that are either positive or small negative, where magnitudes are economically interpretable. 1/
@benzipperer.orgReposted by @hshierholz.bsky.socialEven if you've never been a union member, the attacks on unions have cost you money. The typical worker would be earning $5,000 more a year if unions were as strong today as they were five decades ago
@elisegould.bsky.socialReposted by @hshierholz.bsky.socialNominal wage growth continued to decelerate in Sept, rising just 3.0% over the year. Slowing nominal wage growth suggests workers don't have the leverage to bid up their wages. Even with low unemployment, the depressed hires rate means workers aren't finding new jobs to raise their wages.
#EconSky
@elisegould.bsky.socialReposted by @hshierholz.bsky.socialManufacturing employment grew modestly in September, a gain of 9,000 jobs. But the fact remains that manufacturing employment is still down 21,000 jobs since January 2025. It's hardly a manufacturing boon.
@deanbaker13.bsky.socialReposted by @hshierholz.bsky.socialWage growth slows further to just 3.0%, taking the average for last 3 months compared with the prior 3 months, the annualized rate is 2.6%, both are well below inflation meaning real wages are falling.
@deanbaker13.bsky.socialReposted by @hshierholz.bsky.socialEmployment rate for native-born workers is down 0.7 percentage points from a year ago, a full percentage point from Sept 2024
@deanbaker13.bsky.socialReposted by @hshierholz.bsky.socialThe share of unemployment due to voluntary quits fell to 10.5%, the lowest since May of last year.
@justinwolfers.bsky.socialReposted by @hshierholz.bsky.socialWage growth just keeps slowing. And yes, wages are rising slower than prices, and no, that's not how economic growth is meant to work.
@justinwolfers.bsky.socialReposted by @hshierholz.bsky.socialAn all around weak -- but not tragic -- payrolls report for September. +29k jobs created, about 60k below expectations. Revisions made both July and August look weaker, too. Over the past 3 months, we've an average of a mere +17k per month.
@elisegould.bsky.socialReposted by @hshierholz.bsky.social
@aaronsojourner.orgReposted by @hshierholz.bsky.socialEmployers push up employee salaries to avoid overtime obligations. Workers end up making more.
"This subset of bunched workers experienced an estimated 8.5 percent increase in base salary, while other affected workers saw comparatively modest gains from overtime pay." www.nber.org/digest/20261...
@benzipperer.orgReposted by @hshierholz.bsky.socialHuge congrats to the brilliant economist and historian Ellora Derenoncourt, one of this year's MacArthur Fellows!
@jakemgrumbach.bsky.socialReposted by @hshierholz.bsky.socialShoutout to the 🐐GOAT🐐, respect greatness
