In 2013, nearly half the respondents to a survey by the University of Chicago agreed that a $9 federal minimum wage would be "Desirable policy." In 2015, only 26 percent of economists in a subsequent University of Chicago survey worried that a $15 minimum wage would significantly reduce employment for low-wage workers.
Media coverage of minimum wage changes provides a window into the minimum wage research landscape.
Minimum wage analyses from NELP and EPI draw on research papers that have challenged the traditional view that minimum wage increases reduce employment.
The German experience was novel because it involved a shift from collectively bargained wages to a statutory minimum wage floor, as opposed to an increase in an existing minimum wage.
Analyses of historical minimum wage changes tend to find weak evidence of a relationship between minimum wage increases and EPHI. In contrast, analyses of more recent minimum wage changes tend to find negative effects.
Recent minimum wage changes have been substantial, with scheduled increases approaching 70 percent of the initial minimum wage in several states.
As data on recent labor market developments pour in, the next several years will be an exciting time for both minimum wage research and minimum wage researchers.
https://www.cato.org/publications/policy-analysis/making-sense-minimum-wage-roadmap-navigating-recent-research
Media coverage of minimum wage changes provides a window into the minimum wage research landscape.
Minimum wage analyses from NELP and EPI draw on research papers that have challenged the traditional view that minimum wage increases reduce employment.
The German experience was novel because it involved a shift from collectively bargained wages to a statutory minimum wage floor, as opposed to an increase in an existing minimum wage.
Analyses of historical minimum wage changes tend to find weak evidence of a relationship between minimum wage increases and EPHI. In contrast, analyses of more recent minimum wage changes tend to find negative effects.
Recent minimum wage changes have been substantial, with scheduled increases approaching 70 percent of the initial minimum wage in several states.
As data on recent labor market developments pour in, the next several years will be an exciting time for both minimum wage research and minimum wage researchers.
https://www.cato.org/publications/policy-analysis/making-sense-minimum-wage-roadmap-navigating-recent-research
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