A recent report analyzed how firm size relates to work tasks to discover how firm size impacts employee tasks, finding that employees at large firms, despite having narrowly defined jobs, perform more non-routine analytical tasks and use information and communication technologies (ICT) more intensively than equivalent workers at small firms.

Fact of the Week: Employees at Large Firms Perform More Non-Routine Problem-Solving Than Small Firm Employees.

In the EU-27 countries, from 2013 to 2022, annual wages increased by 0.24 percent in information and communication technology (ICT) services compared to 0.20 percent across the rest of the economy.

Fact of the Week: Wages in ICT Services Have Grown Faster Than Wages Within the Total Business Sector in Europe

The productivity-compensation gap all but disappears when using the correct output deflators to adjust workers' wages, writes John Wu in Innovation Files.

Fact of the Week: The Much-Publicized Gap Between Productivity Growth and Wage Growth Shrinks in Nearly Nine Out of 10 Industries When it is Calculated Correctly

Germany implemented a minimum wage of €8.50 in 2015, impacting 15 percent of the country’s workers. A new study puts to rest concerns that the wage increases would kill jobs, showing that the policy had no impact on the unemployment rate of low-income workers.

Fact of the Week: One-Quarter of the Pay Increases Resulting From Germany’s Minimum Wage Came From Low-Income Workers Moving to Larger, Higher-Paying Firms

Fact of the Week: One-Quarter of the Pay Increases Resulting From Germany's Minimum Wage Came From Low-Income Workers Moving to Larger, Higher-Paying Firms

It is commonly assumed that the wealth and other benefits that highly innovative firms produce are concentrated among high-skilled workers, since they are the ones who are most likely to be innovating. But a new study casts doubt on this presumption, using matched employee-employer data from the United Kingdom.

Fact of the Week: Low-Skilled Workers Earn 20 Percent More at Highly Innovative Firms

Policymakers tend to give an outsized share of attention and credit to small businesses, touting their role in entrepreneurship, but in doing so they often conflate small businesses with new businesses. Start-ups are important for their contributions to creative destruction and innovation, but small businesses are less efficient because they cannot take advantages of economies of scale.

Fact of the Week: Large Start-Ups Pay New Hires 9 Percent More than Comparable Established Firms

While U.S. labor is currently more productive than Canadian labor, it is losing ground both in terms of pure productivity and price competitiveness.

Fact of the Week: Each Hour Worked Contributes Over $16 More to GDP in the United States Than It Does in Canada

With proposals to ban everything from private cafeterias to electric scooters, cities like San Francisco have been lashing out at tech workers, because the popular perception has been that they drive up prices of everything, especially housing, for everyone else around them. But to the extent that these cost-of-living increases are real and intrinsic to the tech sector, they are more than outweighed by the improved wages the tech industry generates.

Fact of the Week: A 10 Percent Increase in Tech Employment Increases a City’s Wages for Other Jobs

Fact of the Week: A 10 Percent Increase in Tech Employment Increases a City's Wages for Other Jobs

While private investment in ICT per Canadian worker has been lower than U.S. levels since the 1980s, it has dropped to new lows in recent years, writes John Wu in Innovation Files.

Fact of the Week: Large Canadian Firms Pay Between 11 and 20 Percent Higher Wages Than Small Firms

Related

Fact of the Week: Employees at Large Firms Perform More Non-Routine Problem-Solving Than Small Firm Employees.

Fact of the Week: Wages in ICT Services Have Grown Faster Than Wages Within the Total Business Sector in Europe

Fact of the Week: The Much-Publicized Gap Between Productivity Growth and Wage Growth Shrinks in Nearly Nine Out of 10 Industries When it is Calculated Correctly