wages

Officials in Indianapolis announced they will be launching a plan to be more economically inclusive. The city hopes to reduce income inequality by creating more high-wage jobs.

Purdue University

Purdue University plans to give one-time, $500 bonuses this spring to employees making less than $75,000 annually. President Mitch Daniels announced the initiative at the University Senate meeting Monday.

Daniels calls the bonus a “modest gesture” meant to thank staff for the work they do. He says that work allows the university to operate without raising tuition, which he announced will remain the same through the 2020-21 academic year. Tuition hasn’t gone up for Purdue students since 2012.

A new study from Ball State University underscores how higher education can boost wages – especially in certain parts of the state.

Its author, at the Center for Business and Economic Researcher, says the study suggests poorer counties have lots to gain from regional educational partnerships.

Graduate researcher Nathan Law found that since the recession, it’s been easier for Hoosiers with at least a bachelor’s degree to find full-time work.

Construction Wage Repeal Would Nix 80-Year Old Law

Feb 24, 2015
Elvert Barnes / https://www.flickr.com/photos/perspective/

The Indiana common construction wage law was signed in 1935 to revive the economy. Eighty years later, the House is set to vote on its repeal due to argument over the law becoming too expensive to maintain.

"Prevailing wage" laws require that building-trades workers on government projects receive the average wage for their specialties. I-U Maurer School of Law Professor Ken Dau-Schmidt says the rationale was to make government a neutral player in setting wage rates, rather than pushing wages down through its immense purchasing power.