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Search resuls for: "Courtney Vinopal"


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Increased pay transparency leads employees to work harder, as long as they believe the pay system is fair, according to several new studies. New laws mandating that pay ranges be included on job listings have gone into effect in recent months in New York City, California and other places. In states where there are no such laws, companies still have to contend with national job boards, such as Indeed.com, that often put their own salary estimates on job advertisements.
Higher-earning men with college degrees are clocking fewer hours at work. That's as men without degrees have been quitting due to perceived low social and financial prospects. Highly paid men typically work more hours than their peers, Yongseok Shin, an economist who co-wrote the paper, told The Wall Street Journal's Courtney Vinopal. Fueling that figure are young men without college degrees, according to the Boston Fed. Higher-paid men with college degrees have more financial mobility, and likely a stronger social self-estimation.
American workers have cut the number of hours they spend in their jobs since 2019, but no group has dialed back its time on the clock more than young, high-earning men whose jobs typically demand long hours. The top-earning 10% of men in the U.S. labor market logged 77 fewer work hours in 2022, on average, than those in the same earnings group in 2019, according to a new study of federal data by the economics department at Washington University in St. Louis. That translates to 1.5 hours less time on the job each workweek, or a 3% reduction in hours. Over the same three-year period, the top-earning 10% of women cut back time at work by 29 hours, which translates to about half an hour less work each week, or a 1% reduction.
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