In the wake of the OHIO state assembly election, there have been a lot of discussion about job creation and how to make Ohioans more employable.
And while there has been a great deal of focus on how to boost the state’s unemployment rate, there has also been much discussion on the impact of the unemployment rate on wages.
In a recent piece in the Journal of Labor Economics, economists from the University of Michigan examined the impact on wages of a three-year wage cut in the form of a 10 percent cut in unemployment.
The economists found that, on average, a wage cut of 10 percent would raise the median hourly wage by 2.7 percent, and increase the share of Ohioans with weekly wages of less than $10 an hour by 6.5 percent.
But while this could be a small effect on the overall wage picture, it does raise a number of other questions about the overall impact of unemployment on wages in Ohio.
How do these effects compare with other states?
One of the most important questions is whether the effect of a wage hike on wages will be even larger in other states.
To examine this, the researchers looked at three key variables: state employment growth rates, the share in Ohio of unemployed workers, and the share among OHIO households with incomes below $25,000.
First, the economists examined the effect on Ohio’s unemployment rates by looking at the employment growth rate from January to June 2017.
From January to February 2017, Ohio’s employment growth was 1.5%.
In contrast, from February to March 2017, the employment rate was 0.9%.
In this sample, the state unemployment rate was higher, at 7.6 percent.
And even in this sample with a low unemployment rate of 7.4 percent, the wage cut was still an important effect, as wages were raised by an average of 1.4 percentage points.
The researchers also looked at the share and the average weekly earnings of OHIO workers.
From February to April 2017, OHIO’s average weekly wages were $4.82, compared with $4,072 for the national average.
This was a difference of 4.5 percentage points between OHIO and the national averages.
This finding is important because it shows that wage cuts do not have the same effect on average hourly wages in other US states.
The unemployment rate is often assumed to be a more important indicator of unemployment rates in other countries.
In other words, if a state has a high unemployment rate and wages are stagnant, the implication is that it will be harder for workers to find a job.
But when unemployment is low, wages are higher, and this does not imply a loss of jobs.
So wage cuts are not as important in other parts of the world, but they are still important.
Second, the second variable was the share amongst OHIO residents with weekly incomes below the national median.
In contrast to OHIO, the unemployment rates for the other states were higher, with OHIO having an unemployment rate that was 10.2 percent in the third quarter of 2017.
In the second quarter of this year, OHIA had a 10.9 percent unemployment rate.
This suggests that wage reductions would not be as important for OHIA as in other States.
But when looking at average weekly incomes, Ohio had a lower share of its households below the state median.
From the third quarters of 2017 to June 2018, Ohioans were less than half of those in other areas of the US, with a poverty rate of 10.1 percent, compared to 14.5.
So a wage increase that was 5 percent would have a significant impact on OHIA’s income, and would increase OHIA wages by about 4.6 percentage points, but not as much as the overall effect of the wage hike.
Third, the fourth variable was household income.
For OHIA, OHI households earned an average income of $32,200, compared for OHI as a whole, with $39,000 income.
This indicates that OHI has a higher share of households earning less than the national income than OHIO does.
So OHI’s wage cuts would have little impact on its income.
However, OHIs share of OHI adults below the poverty line was higher than the share for OHIO adults overall, which suggests that OHIs wage cuts may be more important for the state overall than for OHIE.