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May 26, 2021 - Politics & Policy

By the numbers: Declining wages for U.S. men

Reproduced from Guvenen, et al., 2021; "Lifetime Earnings in the United States Over Six Decades"; Chart: Axios Visuals

President Biden’s focus on creating more manufacturing and union jobs is propelled by the steady and persistent decline in lifetime earnings for American men since he graduated from law school in the late 1960s.

The big picture: The lifetime earnings of the median male worker declined by at least 10% for those who entered the workforce at age 25 in 1967, compared to those who entered the workforce at the same age in 1983.

Atlanta Fed president: "I don't do what Wall Street wants"

The Federal Reserve's efforts to create jobs will naturally benefit Wall Street even if it's not the priority, Atlanta Federal Reserve Bank president Raphael Bostic told Dion Rabouin in an "Axios on HBO" interview.

  • "For us to succeed in the jobs side, there's also going to be success on the wealth side. You can't get one without the other."

The big picture: Bostic told "Axios on HBO" that he focuses on "getting as many people a job as possible."

Mapped: Where jobless pay is getting snipped

Oklahoma, Indiana and Texas are the latest Republican-led states to say they'll prematurely cut off the more generous unemployment benefits next month.

The big picture: The money has kept millions of Americans afloat while the pandemic took a historic toll on the economy. The states' governors say slimmed-down payments will help with widespread reports of worker shortages in their states.

The new CEO pay rebellion

Illustration: Sarah Grillo/Axios

A growing number of companies are facing investor backlash against fat C-suite pay packages.

Why it matters: Shareholders are eyeing pay more closely after a year that crushed the economy, decimated some businesses (and displaced their workers) — but still left some top executives with hefty payouts.

Latinos want COVID vaccines but can't take time off

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Data: CDC; Chart: Danielle Alberti/Axios

The number of vaccinated U.S. Latinos is increasing after months of unequal access, but hurdles remain for this especially hard-hit group to get COVID-19 vaccines at the same rate as others.

Why it matters: President Biden wants 70% of U.S. adults vaccinated by July 4.

May 17, 2021 - Health

Study: Long working hours killed 745,000 people in a year

Photo: Amir Hamja/Bloomberg via Getty Images

Working long hours can increase risk of death, according to a first-of-its-kind study by the World Health Organization and the International Labour Organization.

Why it matters: The study does not cover the pandemic, but its authors say that working long hours is now the risk factor with the largest occupational disease burden.

Updated May 13, 2021 - Economy & Business

The states ending federal pandemic unemployment benefits early

Protesters demand senators support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Photo: Joe Raedle/Getty Images

More than a dozen Republican-led states have announced they are terminating their involvement in federal pandemic-related unemployment programs early.

Driving the news: Many of the states' governors cited worker shortages. But some experts say it's the job climate, including pandemic-era factors, and not unemployment benefits that is determining when and how people return to work.

Companies turn to pay hikes to lure workers

Illustration: Brendan Lynch/Axios

More hourly workers are getting a pay bump. Thank the new war for employees.

Why it matters: To meet the demand that's only expected to get more ferocious as reopening continues, companies are having to bid up to attract workers.

May 13, 2021 - Economy & Business

The gender divide in remote work

Illustration: Annelise Capossela/Axios

Women prefer remote work at a higher rate than men, according to a new study by the jobs platform FlexJobs.

By the numbers: About 68% of women said their preferred post-pandemic workplace would be remote, compared with 57% of men. And 80% of women ranked remote work as a top job benefit, compared with 69% of men.

McDonald's raising hourly wages at company-owned restaurants

Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

McDonald's on Thursday announced it will be increasing hourly wages for current employees at company-owned restaurants, with entry-level staff eligible to earn up to $17.

Why it matters: The company said it hopes the move will attract new applicants as it looks to hire 10,000 new employees ahead of the "busy summer season."