Tootfinder

SK Hynix's union approves a 6% wage bump and 10% allocation of SK's annual profit to a bonus pool, totaling ~$2.7B for 33,625 staff in 2025, averting a strike (Yoolim Lee/Bloomberg)
https://www.bloomberg.com/news/articles/20

Texas Domestic Workers Face Trump Attack on Minimum Wage #minimumwage

Texas Domestic Workers Face Trump Attack on Minimum Wage
Advocates warn a proposed rule by the Department of Labor will deepen the country’s “crisis of care.”

Self-Employment as a Signal: Career Concerns with Hidden Firm Performance
Georgy Lukyanov, Konstantin Popov, Shubh Lashkery
https://arxiv.org/abs/2509.01265 https://

Self-Employment as a Signal: Career Concerns with Hidden Firm Performance
We analyze a dynamic labor market in which a worker with career concerns chooses each period between (i) self-employment that makes output publicly observable and (ii) employment at a firm that pays a flat wage but keeps individual performance hidden from outside observers. Output is binary and the worker is risk averse. The worker values future opportunities through a reputation for talent; firms may be benchmark (myopic) (ignoring the informational content of an application) or equilibrium (u…

Do Temporary Workers Face Higher Wage Markdowns? Evidence from India's Automotive Sector
Davide Luparello
https://arxiv.org/abs/2507.08222 https://

Do Temporary Workers Face Higher Wage Markdowns? Evidence from India's Automotive Sector
Are temporary workers subject to different wage markdowns than permanent workers? This paper examines productivity, output markups, and wage markdowns in India's automotive sector during 2000--2020. I develop a model integrating CES production, nested logit labor supply, and differentiated labor market conduct: Nash-Bertrand wage setting for temporary workers versus Nash bargaining for unionized permanent workers. Results reveal declining output markups as marginal costs outpace prices through …

Important, informative thread re farmworker pay.
#agriculture

Important, informative thread re farmworker pay.
#agriculture

Integrated analysis of informality, minimum wage, and monopsony power: A synthesis of meta-analyses with unified theoretical underpinnings
Ricardo Alonzo Fernandez Salguero
https://arxiv.org/abs/2509.20465

Integrated analysis of informality, minimum wage, and monopsony power: A synthesis of meta-analyses with unified theoretical underpinnings
This document offers a synthesis of recent economic literature on three interconnected areas of labor markets: informality, the effects of the minimum wage, and monopsony power. Through the consolidation and meta-analysis of findings from multiple existing systematic reviews and meta-analyses, their causes, consequences, and associated public policies are examined. It is concluded that conventional views on these topics often overestimate the magnitude of effects. Policies to reduce informality…

Training for Obsolescence? The AI-Driven Education Trap
Andrew J. Peterson
https://arxiv.org/abs/2508.19625 https://arxiv.org/pdf/2508.19625

Training for Obsolescence? The AI-Driven Education Trap
Artificial intelligence simultaneously transforms human capital production in schools and its demand in labor markets. Analyzing these effects in isolation can lead to a significant misallocation of educational resources. We model an educational planner whose decision to adopt AI is driven by its teaching productivity, failing to internalize AI's future wage-suppressing effect on those same skills. Our core assumption, motivated by a pilot survey, is that there is a positive correlation between…