From 2016 through 2020, wages crept upward at thousands of McDonald’s in the U.S. The McDonald’s response, though, is not quite what economists would have expected. The (Surprising) Minimum Wage Impact Traditional economic theory suggests that employers respond to an…
Minimum Wage
What Economists Say About the Minimum Wage
The night before President Roosevelt signed the law that established the first federal hourly minimum wage, he warned in his fireside chat that we should, “…not let any calamity-howling executive with an income of $1,000 a day, …tell you…that a…
Where to Find a Higher Minimum Wage
Traveling around the United States, you would see a minimum wage that varied from state to state and among different cities.
Doing a Fractal Zoom Into Our Yearly Pay
Depending on whether you look at national statistics or the numbers on a company basis, employee median pay can look very different.
Why a Higher Minimum Wage is like a Google Map
Using a multi-disciplined lens, the University of Washington’s most recent study of Seattle’s $15 minimum wage conveyed considerable insight.
