Attention Economy


Saturday, March 27, 2021

The $15 Minimum Wage Debate

Young people, who disproportionately lost jobs during the Covid-19 pandemic, could struggle to find jobs, but they may also see raises.
https://www.wsj.com/articles/15-an-hour-minimum-wage-could-further-sting-teen-employment-11616837401
“Democrats want to raise the federal minimum wage in steps to that level by 2025, from $7.25 an hour. Most states already have set a higher minimum wage. The plan also would eliminate a youth subminimum wage that allows businesses to pay teens less during the first 90 days of work.
The changes would give raises to millions of workers and lift some out of poverty, the nonpartisan Congressional Budget Office has said in studies. But it also has found about 1.4 million workers would lose their jobs over the next four years, many of them teens. “Young, less-educated people would account for a disproportionate share of those reductions,” it said in a February report on the minimum-wage proposal”.

When Amazon Raises Its Minimum Wage, Local Companies Follow Suit
https://www.nytimes.com/2021/03/05/business/economy/amazon-wage-effect.html 


at
Labels: , , ,