Minimum wage

This tag is associated with 180 posts

Minimum Wages in US – Wages for low-wage workers rose faster in states that increased their minimum wage

In 2016, wages for low-wage workers rose faster in states that increased their minimum wage than in states that saw no minimum wage increase. 17 states and the District of Columbia (shaded green on the map) increased their minimum wage through legislation, ballot measures, and indexing last year. The remaining 33 states did not increase … Continue reading

Minimum Wage in US – Study claiming the minimum wage harmed low-wage workers fails conventional tests EPI says

Beginning in 2007, there were two major developments in the U.S. economy. The federal minimum wage rose in steps from $5.15 to $7.25 per hour, and overall employment growth slowed significantly as the country began its descent into the Great Recession. A recent paper by Jeffrey Clemens and Michael Wither argues that the national minimum … Continue reading

US – Where voters could raise minimum wage

With the U.S. economy on the upswing, voters in Arizona, Colorado, Maine, and Washington are set to vote on increases to those states’ minimum wages by as much as 60 percent over the next few years, adding to nationwide momentum that has lifted wages for low-income workers significantly.   Chosen excerpts by Job Market Monitor. Read … Continue reading

Minimum Wage in US – Only 5 percent of all employers believe the federal minimum wage ($7.25 per hour) is fair

Three-quarters of Americans (75 percent) are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder. Thirty-eight percent of employees said they sometimes live paycheck-to-paycheck, 15 percent said they usually do and 23 percent said they always do. While making ends meet is a struggle for many post-recession, those with minimum wage jobs … Continue reading

Federal Minimum Wage in US – This week marks the seven-year anniversary of the last time it was raised

This week marks the seven-year anniversary of the last time the federal minimum wage was raised, from $6.55 to $7.25 on July 24, 2009. Since then, the purchasing power of the federal minimum wage has fallen by 10 percent as inflation has slowly eroded its value. However, this decline in the buying power of the … Continue reading

Minimum Wage – Any evidence of a negative employment effect is not robust

There is a huge body of empirical research on the employment effect of the minimum wage that has failed to clearly demonstrate the negative effect that so many economists strongly believe to find. This paper reviews the reasons for this and argues that the literature needs to re-focus to further our knowledge on the topic. … Continue reading

$15 Minimum Wage Proposals in US – Pieces on the raging debate

The plans to raise the minimum wage to $15 in California and New York are ambitious and welcome at a time when the eroding value of the federal minimum wage means more and more working families can afford less and less. California’s minimum wage would reach $15 in 2023 for all employees and in 2022 … Continue reading

A 15 $ Minimum-Wage – Would yield $17.08 worth of purchasing power in Macon, Georgia, but only $12.26 in New York City

Price disparities can make a big difference when it comes to comparing wages. When we discussed this subject in a previous post, we found that a $15 nationwide minimum wage would yield $17.08 worth of purchasing power in Macon, Georgia, but only $12.26 in New York City, once the differing price levels in the two cities were taken … Continue reading

Minimum Wages in US – Business executives support the increase internal survey shows

Whenever minimum wage increases are proposed on the state or federal level, business groups tend to fight them tooth and nail. But actual opposition may not be as united as the groups’ rhetoric might make it appear, according to internal research conducted by a leading consultant for state chambers of commerce. The survey of 1,000 … Continue reading

National Living Wage in UK – The biggest year-on-year increase since 2001

“Britain deserves a pay rise,” George Osborne declared last year. And what a pay rise. The British chancellor announced a “National Living Wage,” where those aged 25 and over will see their minimum pay jump from £6.70 ($9.63) to £7.20 ($10.30) an hour. The increase—the biggest year-on-year increase since 2001—comes into force today (April 1).The … Continue reading

Minimum Wages in US – Wages for low-wage workers rose faster in states that increased it

In 2015, wages for low-wage workers rose faster in states that increased their minimum wage than in states that saw no minimum wage increase. Working people in states that increased the minimum wage through legislation—which led to larger increases than indexed increases—saw the biggest boost to their wages, regardless of gender. Women, however, benefited slightly … Continue reading

Welfare, Universal Credit and Wages in UK – Minimum wage not as effective as transfer payments at alleviating income poverty

Duncan Smith’s resignation letter (a former British Cabinet Minister) laid this divide bare:  “There has been too much emphasis on money saving exercises and not enough awareness from the Treasury, in particular, that the government’s vision of a new welfare-to-work system could not be repeatedly salami-sliced.” In typically dramatic fashion, last year Osborne jacked up … Continue reading

From Low Pay to Higher Pay in UK – People who are on low pay more likely to be in employment in the future than the unemployed or not in the labour force

There is a sizable body of literature examining low paid employment with a focus on state- dependence of low pay – that is, whether and to what extent current low paid employment increases the probability of remaining in low pay in the future. The interest in state-dependence of low pay arises from a concern that … Continue reading

Low Paid Workers in Scotland – What matters to low paid workers in relation to decent work

The nature, experience, security and rewards from work have changed significantly in recent decades. Increasingly, large numbers of people experience work which is insecure and which is paid at levels which do not allow families to live above the poverty line. In Scotland, around half of working age adults experiencing poverty live in working households. Discussions … Continue reading

Minimum wage in US – If adjusted for inflation, the minimum wage of 1968 would be $10.90 today

If adjusted for inflation, the minimum wage of 1968 would be $10.90 today. That is a whopping reduction of the federal minimum wage by a third. It’s worth noting that the unemployment rate was 3.6 percent in 1968 with a higher real minimum wage. So the unemployment rate is higher today — at 5 percent … Continue reading

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