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US workers experience large month-to-month fluctuations in pay

Over the past decade, cities and states in the US have enacted ‘fair workweek’ laws to stabilise worker schedules. This column uses administrative data on US workers’ paycheques and firms’ payrolls to document considerable monthly fluctuations in earnings. Pay instability is widespread, disproportionately hits lower‑paid hourly workers, and is largely driven by firms’ labour demand […]