The Great Recession and the slow economic recovery that followed have hit Pennsylvania families hard. Unemployment in the commonwealth remains high, and many people are struggling to make ends meet. In February, Pennsylvania's unemployment rate stood at 6.2%, one-half of a percentage point below the U.S. rate of 6.7%.
There are immediate offsetting economic benefits for an employer like McDonalds taking a high road approach on wages. Experience shows that employers get back a substantial portion of a wage increase in the form of higher worker productivity and savings from lower staff turnover.
In the years since 2010, public policy has reversed course as both federal and Pennsylvania policymakers have taken steps that have weakened job growth and slowed the pace of the decline in unemployment.
The nation's unemployment rate dropped by one-tenth of a percentage point to 7.3% in August and non-farm payrolls expanded by 169,000 jobs over the month, according to a report today from the Bureau of Labor Statistics (BLS).
The American Legislative Exchange Council, or ALEC, is a driving force behind state budget and tax policies that benefit the wealthy and corporations at the expense of public investments. Get resources from PBPC's webinar on how ALEC is selling snake oil to the states with its tax and budget policies.
The minimum wage will increase in 10 states on Jan. 1, modestly boosting the incomes of nearly 1 million low-paid workers in Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Rhode Island, Vermont, and Washington.