The federal minimum wage today stands at $7.25 per hour, unchanged since 2009 despite rising prices and rising nominal wages for other workers. Indeed, the purchasing power of the minimum […]
What U.S. Labor Department appointee Puzder doesn’t know about the minimum wage and how labor markets work
When the U.S. Senate begins hearings on the appointment of Andrew Puzder—President Trump’s choice to head the Department of Labor—it is important to consider his qualifications for leading a federal […]
The two largest tax policies that promote homeownership in the United States under the current tax code are the Home Mortgage Interest Deduction and the Real Estate Tax Deduction. The […]
The employment effects of a much higher U.S. federal minimum wage: Lessons from other rich countries
Overview Not long ago, most U.S. economists agreed that a statutory minimum wage with any “bite”—any meaningful effect on wages at the bottom of the labor market—would cause job losses […]
Overview The leading criticism of the “Fight for $15” campaign to raise the federal minimum wage to $15 an hour is the presumed loss of jobs. Employers, the argument goes, […]
Equitable Growth’s Executive Director and Chief Economist Heather Boushey talks with economist Claudia Goldin of Harvard University about her research on the gender wage gap, how it stems from the hours some occupations, and some...
In the Notice of Proposed Rulemaking (NPRM) RIN 1235-A111, DOL proposes to increase and automatically update the salary threshold for exemptions from overtime protections under the The Fair Labor Standards Act (FLSA).
Studying the history of the minimum wage should compel policymakers to question how social priorities influence different groups, who is considered worthy of protection, and to what extent their welfare is considered
Workers who have degrees are already taking jobs further and further down the job ladder. Encouraging or subsidizing higher education attainment will not solve the fundamental problem facing workers in the current job market: There...
Reasonable people may differ on the costs and benefits of applying the federal minimum wage to Puerto Rico. But it would be misguided to expect minimum wage policy to provide a cure for the island’s...