charts

A random selection of my favorite scatter plots showing strong linear relationships

from "Which Workers' Wages Track Productivity? The Role of Position Specificity and On-the-Job Search" by Justin Bloesch and Bledi Taska. What these two graphs show is the sensitivity of wage growth in lower-paying occupations to unemployment. Wage growth in low wage occupations was noticeably higher 2014-2018 as the labour market tightened, compared to 2010-2014, but for higher wage occupations wage growth was pretty much the same in both periods. The right hand graph shows that's not explained by demand (employment growth) in those occupations.

This version from Moody's by I think Adam Ozimek might be the original creator?

from "Job Creation and Wages in Least Developed Countries: Evidence from Sub-Saharan Africa" by Juan Pablo Rud and Ija Trapeznikovaz