Having just gone up, garment workers’ wages in Bangladesh show the tradeoff between cheap fast fashion and fair pay.
Continuing to debate the minimum wage impact, economists still do not agree how, if, and when jobs are lost.
Whether looking at Germany’s minimum wage hike or David Card’s classic 1992 study, still raising the minimum wage can be controversial.
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…
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…
Traveling around the United States, you would see a minimum wage that varied from state to state and among different cities.
Depending on whether you look at national statistics or the numbers on a company basis, employee median pay can look very different.