Trickle-down economics claims that if wages go up, jobs must come down. A controversial new study from the University of Washington has inadvertently fallen prey to that antiquated narrative.
By Nick Hanauer
If your immediate reaction to this study was to dismiss it, it is time to admit that your views cannot be swayed by science.
By Jonathan Meer
Raising the minimum wage to $15 an hour makes a good soundbite, but the people who will be hurt are those who are least able to look after themselves.
By Diana Furchtgott-Roth
Low-wage workers across the country are protesting and striking in a coordinated effort labeled the Fight for $15 “day of disruption” on Tuesday. Fast-food workers, airport employees, health aides, child care workers and Uber drivers are demanding a $15 minimum…
By Kristen Doerer
By Paul Sonn, Yannet Lathrop
Workers of the Fight for $15 are staging their largest strike yet on Tuesday. A new report by the National Employment Law Project shows that since the movement launched in 2012, underpaid workers have won a stunning $61.5 billion in…
By Mark J. Perry
Many of us in the economics profession recognize that the minimum wage is a terrible and cruel public policy, one that reduces employment opportunities for the most vulnerable Americans.
Opponents of the $15 minimum wage claim that if the minimum wage goes up, jobs will go down. But this is simply an intimidation tactic used by employers to keep wages down and keep profits high.
By Veronique de Rugy
Raising the minimum wage to $15 an hour would be a boon to some workers, but the aggregate effect would be overwhelmingly negative.
By John Komlos
Raising the minimum wage has not hurt anyone except the boogeyman in the imagination of the 1 percenters and their entourage.
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