President Joe Biden supports incrementally raising the federal minimum wage to $15 an hour, more than double the current rate of $7.25 an hour.
Late last week, he signed an executive order requiring federal contractors to pay at least $15 per hour wages and provide emergency paid leave to employees. Read More
If a $15 an hour minimum wage were implemented nationwide, more than 2 million jobs would be lost, according to a new report published by the nonprofit Employment Policies Institute (EPI).
The authors of the report – Dr. David Macpherson, professor at Trinity University, and Dr. William Even, professor in the Farmer School of Business at Miami University – conducted a state-by-state economic impact analysis including the impact of coronavirus unemployment and state shutdown data. The report also provides demographic-level estimates of the impact of raising the federal minimum wage to $15, comparing employment effects by age, sex, race and ethnicity, occupation type, and industry. Read More
by Jon Miltimore Minimum wage laws, I’ve noted, are popular with the public. This no doubt explains why House Democrats passed a bill Thursday that would raise the federal minimum wage to $15 an hour. Yet the minimum wage’s apparent popularity might be political pyrite (fool’s gold). A newly… Read More