Minimum Wage Gains

What happens to employment when the minimum wage is increased?

For the 2017 group, food preparation and service employment increased by an average of 2.4% the year after the minimum wage increased. That ...

A $15 minimum wage changes more than just take-home pay

According to the basic economics 101 explanation, an increase in the minimum wage motivates more people to enter the labor market because they will earn more ...

Raising the Minimum Wage: An Economic Gain

Raising of the minimum wage is believed to have one main negative cause and that is to increase the level of unemployment of the economy. The issue surrounding ...

New research finds $15 minimum wages raise pay and increase ...

New research finds that implementing a $15 minimum wage boosts pay for low-wage workers and increases employment.

Wage growth biggest for low-paid workers during the pandemic

Wages rose much faster for America's lowest-paid workers than for their better-paid colleagues between 2019 and 2023, a new report says.

Opinion: Increasing the minimum wage comes at too high a price for ...

Across the United States, about half of all states raised their minimum wages in 2024. Most of those increases went into effect on January 1, ...

The federal minimum wage has been stuck at $7.25 for 15 years - NPR

A proposal introduced in the Senate last year called the Raise the Wage Act of 2023 that would increase the federal hourly minimum wage to $17 ...

Who's Afraid of the Minimum Wage? Measuring the Impacts on ... - IRS

First, the effect of minimum wage increases on the viability, employment and financial health of independent businesses is a top flight concern when it comes to ...

Strong job and wage gains continue in this historically unique ...

Also in today's report, wage growth was a strong 4% year-over-year and 0.4% on a monthly basis. Though we do not yet have inflation data for ...

2024 Minimum Wage Increases: Businesses Prepare for Change

The adjustments required to comply with new wage standards can strain budgets, potentially affecting profitability and long-term sustainability. Additionally, ...

Research on the Effects of Raising the Minimum Wage

Recent minimum wage increases in 20 states and efforts by states including New York and California, and cities such as Seattle, to raise the minimum wage to ...

Research: When a Higher Minimum Wage Leads to Lower ...

... minimum wage increases during the study period) and Texas (which had zero increases). They found that in the stores that experienced a minimum ...

This is What Minimum Wage Would Be If It Kept Pace with Productivity

Correction: If the minimum wage did rise in step with productivity growth since 1968 it would be almost $21.50 an hour. The original post of ...

Minimum Wage Frequently Asked Questions

Effective January 1, 2024, the minimum wage is $16.00 per hour for all employers, not otherwise covered by a higher minimum wage specific to an industry or a ...

The Effect of the Minimum Wage on Prices

It is well established in the international literature that minimum wage increases compress the wages distribution. Firms respond to these higher labour costs ...

Missouri business groups consider challenging minimum ... - YouTube

Comments4 ; Minimum wage will increase in Missouri January 1st. KSHB 41 · 376 views ; 8 Facts about the SECOND AMENDMENT. Learn Liberty · 368K views.

Minimum Wage and Individual Worker Productivity: Evidence from a ...

By means of a border-discontinuity analysis, we document that workers become more productive and are terminated less often after a minimum wage increase. These ...

Chapter 7 – Monitoring the effects of minimum wages

Spillover effects refer to indirect wage increases that take place because employers or workers (or both) want to maintain differences in job status, or higher ...

Minimum Wage Effects throughout the Wage Distribution - jstor

fected, while higher-wage workers are little affected. Workers initially earn near the minimum wage experience wage gains less, their hours and employment ...

Who pays for and who benefits from minimum wage increases ...

We study evidence on the incidence of the minimum wage on the incomes of business owners using a unique administrative dataset on the universe of tax records ...