Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts
Thursday, February 25, 2021
Kill the filibuster
That raising the minimum wage would not pass muster in the budget reconciliation process is not unexpected. I'm not sure $15 is the right minimum wage for a low-wage state like Arkansas or Mississippi, but given the tradeoffs I'd say let's give it a try. Not gonna happen.
Labels:
inequality,
labor,
minimum wage,
policy,
politics
Wednesday, December 30, 2015
Minimum wage and poverty reduction
Raising the legal minimum wage involves tradeoffs, but my reading of the evidence and analysis is that there will be more gains than losses for low-income workers and their families under most of the proposed increases. The logic of setting different state and local minimums is nicely argued by Arindrajit Dube here. Still, it's worth remembering that raising the minimum wage is not a very well-targeted policy for poverty reduction, compared with, say, increased generosity of the Earned Income Tax Credit (EITC). David Neumark makes the point here. As he notes, the two policies can be complementary, so progressives should push for more on both fronts.
Tuesday, December 22, 2015
EPI top ten charts of 2015
You can find them here. Several are similar to last year's contenders. They acknowledge that the unemployment rate is looking a lot better, but the emphasis is on the (still) bad news: slow wage growth, and inequality. To me this one (#9) is the most interesting. Don't forget to send them some money...
Labels:
economics,
inequality,
labor,
minimum wage,
policy,
unemployment
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