Tag: time workers

Increasing role of minimum wage
ecthompsonmd October 19, 2011

I found this very interesting as conservatives are arguing to decrease or eliminate the minimum wage. From economist Greg Mankiw: The minimum wage has a much larger role now than it did three years ago, in large part because of the legislated increase in the minimum wage from $5.15 to $7.25 an hour.  For example, comparing the 2010 data with the 2007 data, one finds the following: The percentage of all hourly-paid workers paid at or below the minimum wage rose from 2.3 to 6.0 percent. The percentage of part-time workers paid at or below the minimum wage rose from 5 to 14 percent. The percentage

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Obama's weekly video address – Jobs
ecthompsonmd March 7, 2009

President Barack Obama discusses the awful jobs numbers that came out this week. From EPI: The jobless rolls swelled by 851,000 in February, and there are now 12.5 million unemployed workers in this country—5 million more than at the start of the recession in December 2007, and the largest number of unemployed workers in the 61-year history of the series. The employment-to-population ratio—simply the percent of the population that is employed—declined to 60.3% in February, for a total decline of 3.1 percentage points since its pre-recession peak of 63.4% in December 2006.  The decline in the employment-to-population ratio this recession now

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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