As New York’s hourly minimum wage started heading toward $15 while Pennsylvania’s remained at $7.25, some of the results were surprising.
While it is easy for us to see when the minimum wage goes up, the impact on low wage workers’ non-wage compensation is much less evident.
Deconstructing your hamburger and French fries, you would see how NAFTA benefits consumers with lower prices for each ingredient.
Combine thriving world markets and more productive cows and you get farmers who unintentionally create a milk glut when they increase supply.
Sometimes surprising and usually unpredictable, the reasons we tip make the tipping wage a controversial paycheck minimum.
The complexities of the minimum wage debate involve different incentives for employers and employees and different minimum wages in the U.S.