Despite the Gujarat government’s order to pay salaries to workers during lockdown period, lakhs of diamond artisans in Surat have not been paid their wages by their employers, said Diamond Workers Union – Gujarat.

Growth was already slowing before the corona outbreak; forcing industry to pay full wages imperils MSMEs’ survival

The economic and social fallout of COVID 19 is huge on these migrant workers. The immediate wage loss and uncertainty painted by the gloomy economic prospects further worsens their situation.

When the pandemic crisis ends, Canadians are going to have to reckon with the fact that the 'essential' workers who got them through it are some of the lowest-paid people among us.

Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.

Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT).

The tax wedge for the average single worker in Hungary decreased by 0.4 percentage points from 45.0 in 2018 to 44.6 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Hungary had the 6th highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The tax wedge for the average single worker in France decreased by 0.3 percentage points from 47.0 in 2018 to 46.7 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 France had the 5th highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The tax wedge for the average single worker in Iceland decreased by 0.3 percentage points from 33.4 in 2018 to 33.1 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Iceland had the 25th lowest tax wedge among the 36 OECD member countries, compared with the 24th in 2018.

The tax wedge for the average single worker in Greece decreased by 0.2 percentage points from 41.0 in 2018 to 40.8 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Greece had the 14th highest tax wedge among the 36 OECD member countries, compared with the 13th in 2018.

The tax wedge for the average single worker in Italy increased by 0.2 percentage points from 47.8 in 2018 to 48.0 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Italy had the 3rd highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The tax wedge for the average single worker in Korea increased by 0.3 percentage points from 23.0 in 2018 to 23.3 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Korea had the 31st lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The tax wedge for the average single worker in Estonia increased by 1.0 percentage point from 36.2 in 2018 to 37.2 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Estonia had the 19th highest tax wedge among the 36 OECD member countries, compared with the 20th in 2018.

The tax wedge for the average single worker in Luxembourg increased by 0.2 percentage points from 38.2 in 2018 to 38.4 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Luxembourg had the 17th highest tax wedge among the 36 OECD member countries, compared with the 18th in 2018.

The tax wedge for the average single worker in Israel increased by 0.2 percentage points from 22.5 in 2018 to 22.7 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Israel had the 32nd lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The tax wedge for the average single worker in Ireland increased by 0.3 percentage points from 32.9 in 2018 to 33.2 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Ireland had the 24th lowest tax wedge among the 36 OECD member countries, compared with the 25th in 2018.

The tax wedge for the average single worker in Germany decreased by 0.1 percentage points from 49.5 in 2018 to 49.4 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Germany had the 2nd highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Joint Seminar on "Minimum Wages – Impacts and Institutional Processes"

Three out of four OECD countries use minimum wages, and supporting low-wage earners is widely seen as important for promoting inclusive growth. This policy brief considers three aspects that are central for a balanced assessment of policy choices: The cost of employing minimum-wage workers, their take-home pay, and the number of workers affected.

This paper provides a quantitative description of decoupling in OECD countries over the past two decades, with the results suggesting that it is explained by declines in both labour shares and the ratio of median to average wages (a partial measure of wage inequality).

This paper provides a quantitative description of decoupling in OECD countries over the past two decades, with the results suggesting that it is explained by declines in both labour shares and the ratio of median to average wages (a partial measure of wage inequality).

Both Barcelona and Real Madrid are planning to slash their first-team wages by 30 per cent ahead of the 2020-21 La Liga season, according to Spanish newspaper Diario AS. 

Both Barcelona and Real Madrid are planning to slash their first-team wages by 30 per cent ahead of the 2020-21 La Liga season, according to Spanish newspaper Diario AS. 

As part of a stimulus package for the coronavirus-hit economy, the government is working on a credit guarantee scheme to enable banks to provide additional 10-15 per cent working capital to MSMEs for payment of wages, sources said. Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further. Since units are closed due to lockdown and there has been no operation for the past two months, most micro, small and medium enterprises (MSMEs) do not have money for paying wages and financial assistance for them is under consideration of the government, the sources said. One of the proposals under consideration is to provide 10-15 per cent additional line of credit by banks over the working capital limit of the MSME sector, which is the largest employer in the country after agriculture. This loan, especially for wage payment, will be backed by a proposed credit guarantee fund so that lenders' money is ...

Utilizing her 18 years of military experience, U.S. Air Force veteran Angela Cody-Rouget started a professional service to help people become organized.

The blue- and yellow-clad home furnishings behemoth plans to add 17 percent more green to the paychecks of employees who earn minimum wage.

The Complaint alleges that Defendants did not pay its manufacturing associates for all of their hours worked in violation of state and federal law

On World Mosquito Day, August 20, mission agency enlists public to help combat airborne killer

The Code has expanded the definition of “employer” as well as “employee”, resulting in a broad based applicability of the regulations and is now applicable to employees in both organised and unorganised sectors.

"Among the top 30 H-1B employers are major US firms including Amazon, Microsoft, Walmart, Google, Apple and Facebook. All of them take advantage of program rules in order to legally pay many of their H-1B workers below the local median wage for the jobs they fill," said the report released by the Economic Policy Institute.

Immigration is good for the economy — that's the big picture. It doesn't mean some Americans aren't hurt in their paychecks and opportunities.

Plastic cutlery, paper bags and plates overflowing in bins have become a thing of the past for a Melbourne primary school with a tough stance on waste.

Business is booming for the gold mining industry as the price of the precious metal sets new benchmarks almost every day, but not everyone in mining towns like Kalgoorlie is taking a shine to the recent "mini gold rush".

Witnesses say it was "pandemonium" when a Gold Coast nursing home shut down yesterday after paramedics attended the village to help find emergency accommodation for 70 residents. The closure is believed to be over a contract dispute.

Workers in the bottom quintile of the wage distribution experienced a 35 percent employment decline while those in the top quintile experienced only a 9 percent decline. Large differences across the wage distribution persist even after conditioning on worker age, business industry, business size, and worker location. As a result, average base wages increased by […]

The post Facts about labor markets ouch, when are rising wages bad edition appeared first on Marginal REVOLUTION.

The author of "Sweetbitter" juggles child care and promoting her new L.A. area memoir, "Stray," reads poetry and takes solace in "The Office."

Exiting low inflation traps by "consensus": nominal wages and price stability - Speech by Luiz A Pereira da Silva and Benoît Mojon, based on the keynote speech at the Eighth High-level Policy Dialogue between the Eurosystem and Latin American Central Banks, Cartagena de Indias, Colombia, 28-29 November 2019.

Seeking setting aside of the orders, the exporter said that directing private establishments to compulsorily pay 100% wages during lockdown is “illegal, unconstitutional” and violative of Articles 14 and 19 of the Constitution of India.

The association also said hundreds of crores of unclaimed provident fund and employees state insurance corporation contribution lie in banks attracting interest.

The Centre’s bid to arrogate to itself the power to fix the wage floor for inter-state migrant workers in the name of uniformity across the country has hit a hurdle.

Following the investigation of the Wage and Hour Division of the Department of Labor, an American employment service company in Troy, Michigan, was in agreement to pay, USD 1.1 million as back wages to 594 H-1B employees. Many of these are top skilled…

Naikon Hacking Group Targeted Asia-Pacific Countries With New RAT
Over the last five years, a hacking group that's apparently tied to China has been targeting government ministries in the Asia-Pacific region as part of a cyber-espionage campaign, according to Check Point Research.

Naikon Hacking Group Targeted Asia-Pacific Countries With New RAT
Over the last five years, a hacking group that's apparently tied to China has been targeting government ministries in the Asia-Pacific region as part of a cyber-espionage campaign, according to Check Point Research.

Naikon Hacking Group Targeted Asia-Pacific Countries With New RAT
Over the last five years, a hacking group that's apparently tied to China has been targeting government ministries in the Asia-Pacific region as part of a cyber-espionage campaign, according to Check Point Research.