Minimum Wage

  • What will a higher minimum wage do? Two new studies have different ideas, By Natalie Kitroeff, January 11, 2107, Los Angeles Times: “The federal government set its first minimum wage, at 25 cents an hour, in 1938. Since then, liberals have cheered attempts to raise the minimum as blows against worker exploitation, while businesses lament that the hikes will kill jobs.  But nearly 80 years later, economists still aren’t sure how a higher minimum wage actually affects companies and their customers…”
  • Higher minimum wage may have losers, By Noam Scheiber, January 10, 2017, New York Times: “A growing number of economists have found that many cities and states have considerable room to raise the minimum wage before employers meaningfully cut back on hiring.  But that conclusion may gloss over some significant responses to minimum-wage increases by individual employers, according to two new studies. And those reactions may, in turn, raise questions about the effectiveness of the minimum wage in helping certain workers…”

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