Indiana's wage demand data untapped resource
Morton J. Marcus, an economist formerly with the Kelley School of Business, Indiana University. His column appears in numerous Indiana newspapers. The following are exerpts from his column of 5/31/2010
A simple visit to Hoosiers-by-the-Numbers on the DWD (Indiana Department of Workforce Development) website is a data junkie’s joy...
The most modest expected wages were in Jay, Knox, Owen and Greene counties --- each under $20,000 per year.
DWD calls the data “Wage Demand.” ... This is an extraordinary source of information as are most files at DWD. With this sort of information we could track how wage expectations change over time, as the unemployment rate for the county changes, and as the duration of unemployment changes for individuals. Where DWD has data on the wage finally accepted by the worker, the expected and realized values could be compared which could have a feedback effect on other workers.
