Report: WI economy rises on strength of workers’ wage growth

A study by the High Road Strategy Center at the University of Wisconsin-Madison found the state’s job market hit record levels in the second quarter and the inflation-adjusted median hourly wage has increased by 97 cents.

Laura Dresser, associate director of the High Road Strategy Center at the University of Wisconsin Madison and the report’s co-author, said the increase in the median wage is just making up for the period inflation ran ahead of earnings in 2022.

Wisconsin’s low-wage workers have seen gains in recent years, but challenges remain

Wages for the lowest-paid workers in Wisconsin have risen faster than pay for higher earners in recent years, but workers still face challenges.

That’s according to the new “State of Working Wisconsin” report from the High Road Strategy Center, an economic think tank at the University of Wisconsin-Madison. The report is released annually around Labor Day to provide insights into how workers are doing in the economy.

Labor Day 2024 Highlights Improvements And Ongoing Challenges

On the other side of the Great Lakes, the annual State of Working Wisconsin report presented by the High Road Strategy Center at the University of Wisconsin-Madison articulates both successes and shortcomings for workers. While there’s promising news about increased job numbers and rising wages, especially for low-wage workers, the report points out persistent challenges, such as inadequate access to childcare and initiation of union rights, as still major hurdles for many workers.

Report shows improvements for Wisconsin workers while shortcomings persist

The Working Wisconsin report examines the economy from the vantage point of how it affects workers. It is issued annually by the center, a nonprofit that researches and promotes solutions to social problems that focus on “shared growth and opportunity, environmental sustainability, and resilient democratic institutions as necessary and achievable complements in human development.”

The pandemic especially hurt the work/life balance of women. The stressors haven’t gone away.

It’s having a deep impact on the labor force. According to a 2023 report from High Roads Strategy Center, part of the University of Wisconsin-Madison, Wisconsin’s women labor force participation dropped below 60% for the first time since the late 1980s.

“Our relative (workforce) advantage shrank quite substantially over the last two years,” said Laura Dresser, associate director of High Roads Strategy Center. “We know that child care has been in crisis, even before the pandemic. Our structures for taking care of kids tend to weigh heavily on women and on women’s work.”