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Are more paydays better, even if the money is the same? According to workers, the short answer is yes, and both workers and employers can benefit. The reasons boil down to how workers perceive fairness.

June 25, 2025

More paydays, more fairness? How pay frequency shapes worker perceptions of compensation

Are more paydays better, even if the money is the same? According to workers, the short answer is yes, and both workers and employers can benefit. The reasons boil down to how workers perceive fairness.
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June 12, 2023

MainStreet Macro: To pause or not to pause? Maybe that’s not the question

by Nela Richardson, Ph.D.

The Federal Reserve has raised interest rates 10 consecutive times, taking the benchmark federal funds rate from near zero up to more than 5 percent. This week, Fed policymakers meet again to decide whether to move rates again – or not. Economists are divided as to whether the central bank should pause their rate hikes this month or keep them coming.
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June 5, 2023

MainStreet Macro: Gen Z joins the workforce

by Nela Richardson, Ph.D.

It’s graduation season. Some young adults will head to college, and some college graduates will continue with their studies. But most members of this year’s graduating class will become new entrants into a dynamic and evolving post-pandemic labor market.
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May 22, 2023

MainStreet Macro: Answering questions, and raising new ones, about the complex world of work

by Nela Richardson, Ph.D.

This week, ADP Research Institute launches Data Lab, a centralized and in-depth repository of research and information on the economy and labor market.
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May 15, 2023

MainStreet Macro: The next inflation risk

by Nela Richardson, Ph.D.

Lately, I’m reminded of inflation during my morning exercise class. While the first 50 (OK, 35) sit-ups are fast and easy, after that my pace starts to slow. By 60 reps, I’ve gone from fast and easy to slow and irregular.
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May 1, 2023

MainStreet Macro: Keeping an eye on the ball

by Nela Richardson, Ph.D.

I’m not a great golfer. But in an effort to improve my game, I took a lesson and was struck (no pun intended) by how golf can be applied to the economy. One thing I learned is to mark the ball. Some golfers look at the putter, others at the hole. But looking at the mark as you swing helps with alignment and focus.
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April 24, 2023

MainStreet Macro: People at Work: A three-year lookback

by Nela Richardson, Ph.D.

For the past three years, the ADP Research Institute has been talking to workers across the globe to learn about their on-the-job experiences before, during and after the pandemic. Last week we released our latest report in this series, our People at Work Survey.
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April 17, 2023

MainStreet Macro: The path between global and local growth

by Nela Richardson, Ph.D.

Last week my attention turned to my old stomping ground, Washington, D.C., where I worked for several years. One of the city’s most closely watched spring events – after the National Cherry Blossom Festival – is the annual spring meeting of the World Bank and International Monetary Fund. Central bankers, finance ministers, company executives, and academics from across the globe descend on D.C. to discuss front-burner economic and geopolitical issues.
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April 10, 2023

MainStreet Macro: March Jobs Data: A Return to Balance

by Nela Richardson, Ph.D.

Last week delivered a fresh round of jobs data for February and March. Today, we’ll catch up on the numbers and what they say about the current state of the labor market. All told, it’s mostly good news.
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