Job Market Monitor
Minimum wage
Minimum Wage in Canada – Who earns it (infographic)
Source: who-earns-the-minimum-wage-in-canada-infographic-canada.jpg | Fraser Institute Over the past decade all Canadian provinces have raised their real (inflation-adjusted) minimum wage. The size of these increases has varied considerably from place to place. The four largest provinces implemented particularly large increases. These ranged from 20.2 percent in Quebec to 46.4 percent in Alberta. One of the most … Continue reading
Economic Research on Minimum Wage in US – A clear picture that is at odds with how this research is often summarized
The disagreement among studies of the employment effects of minimum wages in the United States is well known. What is less well known, and more puzzling, is the absence of agreement on what the research literature says – that is, how economists even summarize the body of evidence on the employment effects of minimum wages. … Continue reading
15$ Federal Minimum Wage in US – Most Americans support it
About six-in-ten U.S. adults (62%) say they favor raising the federal minimum wage to $15 an hour, including 40% who strongly back the idea. About four-in-ten (38%) say they oppose the proposal, according to a Pew Research Center survey conducted April 5-11. The Biden administration and many congressional Democrats favor increasing the federal minimum wage … Continue reading
Minimum Wage in US – CBO on the impacts of a $15 per hour by June 2025 on the federal budget
If enacted at the end of March 2021, the Raise the Wage Act of 2021 (S. 53, as introduced on January 26, 2021) would raise the federal minimum wage, in annual increments, to $15 per hour by June 2025 and then adjust it to increase at the same rate as median hourly wages. In this … Continue reading
Minimum wage in US – Employers do not always comply with minimum wage increases
Using data from the Current Population Survey, Jeffrey Clemens of the University of California, San Diego, and Michael Strain of the American Enterprise Institute find that some employers in the low-wage labor market pay workers less than the minimum wage. Examining a series of minimum wage increases from 2011 to 2019, the authors estimate that … Continue reading
Increasing the Federal Minimum Wage – An interactive tool that allows users to explore the effects of policies by CBO
The federal minimum wage of $7.25 per hour has not changed since 2009. Increasing it would raise the earnings and family income of most low-wage workers, lifting some families out of poverty—but it would cause other low-wage workers to become jobless, and their family income would fall. This interactive tool allows users to explore the … Continue reading
Minimum Wage in Ontario – Low-income Individuals and Families Tax (LIFT) credit will provide fewer benefits to Ontarians than cancelled minimum wage increase
Peter Weltman, Financial Accountability Officer of Ontario, has just released a commentary Comparing the LIFT Credit to a Minimum Wage Increase. “The LIFT credit will provide fewer benefits to minimum wage workers than increasing the minimum wage from $14 per hour to $15 per hour,” says Weltman. The Province introduced the LIFT credit to provide … Continue reading
Minimum Wage in UK – National Living Wage (NLW) at 60 per cent of median earnings by October 2020
This Monday, the 1st April, 2 million people working minimum-wage jobs will start the week with a pay rise. The National Living Wage (NLW), the rate that applies to 25+ year olds, will rise by 38p, from £7.83 to £8.21. We project that this will increase the number of people paid at the wage floor … Continue reading
Minimum Wage In Seattle – Increases labor costs, mildly reduces demand for low-wage jobs, but doesn’t increase prices
In this paper we revisit the question of how businesses respond to the minimum wage using evidence from a large minimum wage hike in Seattle. In 2014 the City of Seattle passed the Minimum Wage Ordinance, which raised the minimum wage to $15 over several years. We examine the minimum wage effect during the first … Continue reading
Minimum Wages in US – Three conclusions on the impacts
Minimum wages have been studied so extensively that it is rare to find a fresh angle that piques labor economists’ interest. Despite a mountain of literature, advances in empirical methods, and the availability of new data, definitive studies are scarcer than policymakers would hope to find. The empirical challenges researchers of the minimum wage face … Continue reading
Minimum Wage in Ireland – A negative and statistically significant effect on the hours worked
On 1 January 2016, the Irish minimum wage (MW) increased from €8.65 to €9.15 per hour, an increase of approximately 6 per cent. Using data from the Quarterly National Household Survey (QNHS) for the years 2015 and 2016, we estimate the effect of the increase in the minimum wage on the hours worked and likelihood … Continue reading
Their Minimum Wage in US, 2019 – Many States and Cities raise it
The federal minimum wage has been $7.25 for a decade, but many states have a higher rate and some wage hikes will take effect this year. We’ve rounded up the latest news on what employers need to know for 2019. Here are SHRM Online resources and news articles from other trusted media outlets. Nineteen states increased their … Continue reading
Minimum Wage in in South Africa – A bill is passed setting it at 20 rand an hour, about $1.45
On Monday, South African President Cyril Ramaphosa signed a national minimum wage bill into law. The National Minimum Wage Act sets minimum wage at 20 rand an hour (about $1.45 an hour). South Africa’s average household net-adjusted disposable income per capita is currently about $10,872. Proponents of the bill have touted benefits this move will … Continue reading
Minimum Wage Increases in Seattles – The increase from $9.47 to $13 per hour raised earnings by an average of $8-$12 per week
Using administrative employment data from the state of Washington, we use short-duration longitudinal panels to study the impact of Seattle’s minimum wage ordinance on individuals employed in low-wage jobs immediately before a wage increase. We draw counterfactual observations using nearest-neighbor matching and derive effect estimates by comparing the “treated” cohort to a placebo cohort drawn … Continue reading
Minimum Wages Impacts on Pay Gender Gap – A significant reduction in Ireland but not in UK
Women are disproportionately in low paid work compared to men so, in the absence of rationing effects on their employment, they should benefit the most from minimum wage policies. This study examines the change in the gender wage gap around the introduction of minimum wages in Ireland and the United Kingdom. Using survey data for … Continue reading
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