minimum wage

Minimum Wage Effects

President Biden has proposed doubling the federal minimum wage from $7.25 an hour to $15 an hour.

President Biden’s Minimum Wage Proposal

As part of his $1.9 trillion relief plan, President Joe Biden proposes to double the federal minimum wage from $7.25 per hour to $15 per hour.

Minimum Wage Laws Will Weaken Recovery

COVID-19 is wreaking havoc on American jobs. State shutdowns and social distancing have resulted in 26 million people being laid off and furloughed.

Shake Shack Planning for Higher Minimum Wages

CNBC reports that the burger chain Shake Shack is planning to trial a new restaurant in New York which will not have a traditional cashier’s counter.

Seattle Minimum Wage

A few years ago, Seattle decided to increase its minimum wage from $9.47 to $15 per hour.

Minimum Wage Damage in Seattle

Last week, Thomas Firey blogged here on how proponents of higher minimum wages tend to be selective when reviewing the academic literature.

CBO’s Minimum Wage Report

In a new report, the Congressional Budget Office estimates that raising the federal minimum wage from its current level of $7.25 an hour would raise the incomes of low-wage workers who remain employed while lowering the incomes of low-wage workers who lose their jobs. CBO’s “middle” estimate is that a $10.10 minimum wage would reduce total employment by about 500,000.

Less Than Minimum Wage

In the State of the Union address, President Obama endorsed a bill to raise the $7.25 federal minimum wage by nearly 40% over three years to $10.10 an hour in 2016. That would be an exact copy of what President Bush did on May 25, 2007, by signing into law a 40% minimum wage hike in three stages — from $5.15 to $5.85 on July 24, 2007, then $6.55 a year later and $7.25 on July 24, 2009. Have we not learned anything from what happened last time?

Minimum Wage Laws Kill Jobs

President Obama set the chattering classes abuzz after his unilateral announcement to raise the minimum wage for newly hired Federal contract workers. During his State of the Union address, he sang the praises for his action, saying that “It’s good for the economy; it’s good for America.” Yet this conclusion doesn’t pass the economic smell test; just look at the data from Europe.

Mr. President, Increasing the Minimum Wage Is Wrong Medicine for Ailing Economy

When President Obama advocates a higher minimum wage in his State of the Union Address, he will no doubt argue that by increasing the minimum to $10.10, workers will have fatter pay checks and spend more, thus stimulating the economy and creating more jobs. In fact, economic logic tells a different story.

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