Microeconomics and the minimum wage debate
Textbook Economics and the Minimum Wage
Where should the federal minimum wage be set?
The Economist summarizes recent research on the
impact on minimum wage hikes:
Minimum Wage and Economic Mobility - A
thought-provoking piece from Ben Casselman:
“Even those who do get a raise often don’t get much of one:
Two-thirds of minimum-wage workers in 2013 were still earning within 10 percent
of the minimum wage a year later, up from about half in the 1990s. And
two-fifths of Americans earning the minimum wage in 2008 were still in
near-minimum-wage jobs five years later, despite the economy steadily improving
during much of that time”
Related:
http://www.bloomberg.com/view/articles/2016-03-18/companies-should-experiment-with-minimum-pay-raises
http://cepr.net/documents/publications/min-wage-2013-02.pdf
http://cepr.net/documents/publications/min-wage-2013-02.pdf
Update
An interesting piece from Noah Smith
http://www.bloomberg.com/view/articles/2016-06-13/a-higher-minimum-wage-won-t-lead-to-armageddon
http://www.bloomberg.com/view/articles/2016-06-13/a-higher-minimum-wage-won-t-lead-to-armageddon