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10+ Years of No Wage Growth: The Role of Alternative Jobs and Gig Work

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Abstract

An examination of the status of older workers in the first quarter of 2019 reveals two key trends: older worker wage growth is minimal and lags behind prime-age wage growth, and older workers increasingly resort to precarious alternative work, eroding their bargaining power and impacting other older workers' wages. To address these troubling trends, Congress and the President should create an Older Workers' Bureau, Guaranteed Retirement Accounts, and expanded Social Security to protect older workers.

Suggested Citation

  • Retirement Equity Lab, 2019. "10+ Years of No Wage Growth: The Role of Alternative Jobs and Gig Work," SCEPA publication series. 2019-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  • Handle: RePEc:epa:cepapb:2019-01
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    File URL: https://www.economicpolicyresearch.org/images/Retirement_Project/status_of_older_workers_reports/FINAL-status-of-older-workers-report-may-1-2019.pdf
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    More about this item

    Keywords

    older workers; wage growth; alternative work; gig work; wages; unemployment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J88 - Labor and Demographic Economics - - Labor Standards - - - Public Policy
    • J58 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Public Policy

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