Report: Inflation cancels out some wage gains, child care access may hamper labor force participation
Wisconsin’s labor force set new records for jobs and low unemployment over the last year, but that doesn’t necessarily mean the economy is working for everyone.
Most wages didn’t keep up with inflation in 2022, labor force participation among Wisconsin women fell to its lowest levels since the late 1980s and the state’s unionization rate continues to decrease. That’s according to a new report, titled "The State of Working Wisconsin 2023," from the COWS economic think tank at the University of Wisconsin-Madison....
..."It`s the lower-wage workers who have done better in recent years relative to inflation and are doing better in this economy," she said. "It isn`t to say that those workers aren`t facing incredible stress — especially with housing costs."...
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- - Volume: 11 - WEEK: 36 Date: 9/8/2023 1:13:19 PM -