Attention Economy


Thursday, June 2, 2016

The Minimum Wage Debate


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”


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