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New Hires Getting Left Behind on Pay
Kathleen Madigan, Wall Street Journal The weak pace of hiring in May cast a big cloud on the future of consumer spending. But the outlook dims more when you consider even those fortunate to get jobs are generally earning less than the average worker. Economists at the Royal Bank of Canada have calculated the average weekly pay of new workers in the U.S. versus the average weekly check earned by all private-sector employees. They looked at changes in hiring and average pay for the major employment sectors. What RBC found was that new-hire pay is starting to lag behind that of embedded workers. Over the past year, the weekly paycheck for new workers is about $36 less than the salary of existing workers. Read More (Subscription Required)
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.