TWE

Worker Earnings Down for Q1 Amid Inflation Woes, According to Ludwig Institute

Retrieved on: 
Wednesday, April 17, 2024
Workforce, Black, White, Global recession, Great, BLS, Noise, TRU, Woman, Growth, TWE

WASHINGTON, April 17, 2024 /PRNewswire/ -- Owing largely to rising prices and stagnant wage growth during Q1 2024, American workers saw the biggest drop in median earnings in three years — and although the percentage of living-wage jobs in the workforce rebounded slightly in March, "functional unemployment" is also trending upward, according to a report by Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points: 
  • Owing to rising prices and stagnant wages, workers saw the biggest drop in median earnings in three years in Q1 2024.
  • LISEP issued its monthly True Rate of Unemployment (TRU) for March in conjunction with the Q1 2024 True Weekly Earnings (TWE) report.
  • The overall TWE dropped $23 a week in Q1, from $974 to $951 — a 2.4% decrease, the largest quarterly drop since the Great Recession in Q1 2009.
  • This drop effectively erased all of the post-COVID wage gains, with TWE now at its lowest level since Q1 2021 ($945/week).

Agtonomy Expands On-Farm Pilot Program to Drive Adoption of Agricultural Autonomy

Retrieved on: 
Monday, February 12, 2024
Robotics, SAN, OEM, AI, ROI, Treasury Wine Estates, Farmer, Agtech, McKinsey & Company, TWE, Bobcat Company, Climate change, Safety, Aircraft, Farm, Automation, Knowledge, Agriculture, Partnership

SOUTH SAN FRANCISCO, Calif., Feb. 12, 2024 /PRNewswire/ -- Agtonomy, a leading software and services company specializing in advanced autonomous and AI solutions for agriculture, announced today the 2024 expansion of their paid pilot program, putting growers in the driver's seat of next-generation, on-farm robotic automation.

Key Points: 
  • Our on-farm pilots with growers help us refine innovation so it works in real environments for faster innovation and adoption," said Tim Bucher, Agtonomy CEO and co-founder.
  • "Agtonomy's pilot program allows us to ensure our technology not only provides value, but works on their farm like we've promised."
  • Agtonomy is expanding on the success of the introductory paid pilot program started in 2023.
  • In addition, Agtonomy is working toward expanding the pilot program to West Coast fruit and nut tree growers.

Median Earnings Up, Living-Wage Jobs Down, According to Ludwig Institute

Retrieved on: 
Thursday, January 18, 2024
Woman, BLS, TWE, Q4, White, Statistics, Workforce, Light, TRU, Growth, Fast food

WASHINGTON, Jan. 18, 2024 /PRNewswire/ -- American workers saw an increase in median earnings for Q4 2023, which was somewhat tempered by an increase in the percentage of workers unable to secure full-time, living-wage jobs, according to a report by Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points: 
  • Overall median weekly earnings increase, but more workers are without living-wage jobs
    WASHINGTON, Jan. 18, 2024 /PRNewswire/ -- American workers saw an increase in median earnings for Q4 2023, which was somewhat tempered by an increase in the percentage of workers unable to secure full-time, living-wage jobs, according to a report by Ludwig Institute for Shared Economic Prosperity (LISEP).
  • American workers saw an increase in median earnings for Q4 2023, which was tempered by a decrease in living-wage jobs.
  • TWE is a measure of median weekly earnings after adjusting for inflation for all members of the workforce, including the part time and jobless who are seeking work.
  • This is the fourth consecutive quarter of increases in median earnings, with the TWE up 1.8% since Q1 2023.

Irrigation Technology Company, Lumo, Announces Trial with Treasury Wine Estates in Bid to Enhance Water Management and Environmental Stewardship

Retrieved on: 
Thursday, December 14, 2023
TWE, Sustainability, Treasury Wine Estates, Head, Water, Electricity, Renewable energy, Science, Lumo

Lumo aims to help growers revolutionize the way they manage water in their vineyards, empowering them to automate and closely monitor irrigation activities.

Key Points: 
  • Lumo aims to help growers revolutionize the way they manage water in their vineyards, empowering them to automate and closely monitor irrigation activities.
  • The trial with TWE should provide concrete evidence of how Lumo's advanced water technology can help to improve operational efficiencies while aiding in substantial water conservation.
  • "Efficient irrigation is paramount in bridging the gap between water usage and the quality of fruit," said Devon Wright, Lumo CEO and Founder.
  • Given the high demand for Lumo's technology in 2023, this program presents growers with an opportunity to secure their irrigation system upgrade.

Bay Area Best Region for Working Households; Fresno Worst, Says Ludwig Institute

Retrieved on: 
Monday, November 27, 2023
TWE, Ludwig Cancer Research, Bureau of Labor Statistics, TLC, Greater Austin, Workforce, Food, MSA, United, Unemployment, Class ring, TRU, Metropolitan statistical area, Housing, Bernardino, Hotel

WASHINGTON, Nov. 27, 2023 /PRNewswire/ -- The high cost of living is more-than offset by high wages in the San Jose and San Francisco markets, making the Bay Area the best performing region for middle- and working-class households in the country's 50 largest Metropolitan Statistical Areas (MSAs). Meanwhile, a net loss in real wages and the skyrocketing price of housing pushed Fresno, Calif., to the bottom of the list, according to an analysis by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points: 
  • Meanwhile, a net loss in real wages and the skyrocketing price of housing pushed Fresno, Calif., to the bottom of the list, according to an analysis by the Ludwig Institute for Shared Economic Prosperity (LISEP).
  • "The United States is not a single economy — it's an amalgamation of hundreds, even thousands, of regional economies," said LISEP Chairman Gene Ludwig.
  • "Understanding the dynamics of those economies and how they impact low- and moderate-income populations  is critical to responsible policymaking.
  • "Our challenge here is in identifying what's working well and replicating it; what's not, and scrapping it.

Treasury Wine Estates announces acquisition of fastest growing luxury wine brand in the United States, DAOU Vineyards¹

Retrieved on: 
Monday, October 30, 2023
ASX, Treasury Wine Estates, Treasury, PJT Partners, Acquisition, Growth, TWE, Wine, Philosophy, Centerview Partners, Restaurant, Retail, Adelaida District AVA, Penfolds

DAOU's fully integrated digital platform, DAOU+, combines e-commerce and membership with seamless and unique features that increase consumer loyalty.

Key Points: 
  • DAOU's fully integrated digital platform, DAOU+, combines e-commerce and membership with seamless and unique features that increase consumer loyalty.
  • Tim Ford, CEO, Treasury Wine Estates said: "The U.S. is the world's largest wine market and we're beyond thrilled to add DAOU to our portfolio, cementing our position as a global luxury wine leader.
  • This is a transformative acquisition that will accelerate the growth of our luxury portfolio globally and paves the way for new luxury consumer experiences.
  • DAOU is an award-winning luxury wine business with an outstanding track record for growth and we have grand plans for DAOU to become the next brand with the international scale and luxury credentials of Penfolds.

Cost of Basic Necessities Rise at Fastest Rate Since 2004, Says Ludwig Institute

Retrieved on: 
Thursday, October 26, 2023
Ludwig Cancer Research, LMI, Index, Housing, Food, Consumer, Face, Transport, CPI, Rest, Travel, TWE, TLC, Drug, Interior design

WASHINGTON, Oct. 26, 2023 /PRNewswire/ -- With the costs of everyday necessities on the rise last year, middle- and working-class families felt the biggest crunch on their bank accounts since 2004, according to an analysis by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points: 
  • Middle- and working-class families felt the biggest crunch on their bank accounts since 2004.
  • LISEP today issued data for its 2022 True Living Cost (TLC) Index , a measure of price changes for the minimum adequate needs required to maintain a basic standard of living.
  • "The focus for policymakers should be on getting prices down for the basics — a roof overhead, food on the table, medical care, basic transportation, and the like.
  • The TLC's 7.8% year-over-year increase for 2022 was the highest increase since 2004, when the index increased by 8%.

Job Market Robust, But Wages Failing to Keep Up, Says Ludwig Institute

Retrieved on: 
Wednesday, October 18, 2023
Female, TRU, Sound, Black, Bureau of Labor Statistics, News, Middle class, Bureau, BLS, Growth, White, TWE, Drug, Unemployment

WASHINGTON, Oct. 18, 2023 /PRNewswire/ -- By all outward measures the jobs market remains robust, but that is not translating into higher wages for most American workers, according to a report by Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points: 
  • LISEP issued its monthly True Rate of Unemployment (TRU) for September in conjunction with the third quarter True Weekly Earnings (TWE) report.
  • "We are seeing increases in weekly earnings, which is good news, but these gains are in no way reflective of what we are seeing in the job market," said LISEP Chair Gene Ludwig.
  • "A competitive job market should bring more living-wage jobs.
  • During the last streak of a sub-4% jobless rate — from Q2 2018 to Q4 2019 — wages rose more than 5%.

Alliance Mobile Announces Acquisition of The Wireless Experience Group to Significantly Expand Scale and Geographic Reach

Retrieved on: 
Wednesday, August 2, 2023
AT, Organization, TWE, Acquisition, Growth, Airline, Management

TROY, Mich., Aug. 2, 2023 /PRNewswire/ -- Alliance Mobile today announced the acquisition of The Wireless Experience Group ("TWE"), a leading AT&T National Authorized Retailer in the Mid-Atlantic and Northeast regions. With TWE, Alliance Mobile is now the second largest AT&T National Authorized Retailer with stores in 21 states primarily in the Midwest, Mid-Atlantic, Northeast and Southeast regions.

Key Points: 
  • TROY, Mich., Aug. 2, 2023 /PRNewswire/ -- Alliance Mobile today announced the acquisition of The Wireless Experience Group ("TWE"), a leading AT&T National Authorized Retailer in the Mid-Atlantic and Northeast regions.
  • This acquisition represents another significant step forward in Alliance Mobile's strategic vision to add scale and geographic reach and also adds talented and experienced leadership and personnel to the Alliance Mobile team.
  • "The acquisition of TWE represents a major milestone for Alliance Mobile, as it builds a preeminent AT&T National Authorized Retailer platform," said Alliance Mobile CEO Matt Sharrak.
  • Brian Wainwright, CEO and Founder of The Wireless Experience said, "Joining forces with Alliance Mobile enables us to accelerate growth for our business and our people.

Weekly Earnings Up for Low-Income Workers, According to Ludwig Institute

Retrieved on: 
Wednesday, July 19, 2023
Bureau of Labor Statistics, BLS, Workforce, Face, Bureau, TRU, Woman, TWE, Observation, Growth, Environment, White, News, Birth control, Unemployment, Black

WASHINGTON, July 19, 2023 /PRNewswire/ -- While overall inflation-adjusted wages for the median American worker remained flat, low-wage workers saw a notable increase in the second quarter of 2023, with the rate of "functional unemployment" in the U.S. at an all-time low, according to a report by Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points: 
  • But we can't overlook those segments of the population that continue to struggle," said LISEP Chairman Gene Ludwig.
  • "The goal of shared economic prosperity is to create an environment where everyone has an opportunity to succeed.
  • LISEP issued its monthly TRU for June in conjunction with the second quarter True Weekly Earnings (TWE) report.
  • "There are a lot of data this month, and fortunately most of it represents good news," Ludwig said.