Minimum Wage

  • 01.04.17

    5 Facts About The Minimum Wage

    The Pew Research Center produces 5 facts about the minimum wage using their own public opinion data, as well as research from other reports and prominent sources. The 5 facts are: 1. Adjusted for inflation, the federal minimum wage peaked in 1968 2. Less than half (45%) of the 2.6 million hourly workers who were ...Read More

  • 01.01.17

    State Minimum Wage Laws

    While the Federal minimum wage is $7.25, different state governments have different laws regulating the minimum wage within that state. The map below from the Department of Labor shows which states have minimum wage laws above the federal level, at the federal level, no minimum wage laws, or minimum wage laws below...

    While the Federal minimum wage is $7.25, different state governments have different laws regulating the minimum wage within that state. The map below from the Department of Labor shows which states have minimum wage laws above the federal level, at the federal level, no minimum wage laws, or minimum wage laws below the federal level.

    Minimum wage map

     

  • 05.05.16

    Raise Wages, Kills Jobs?

    Everyone has heard the argument that "if we raise the minimum wage, we will lose jobs" in some form or another. This report by the National Employment Law Project uses historical data to test whether that has been the case. It investigates the 22 times that the United States has raised the minimum wage by looking ...

    Everyone has heard the argument that "if we raise the minimum wage, we will lose jobs" in some form or another. This report by the National Employment Law Project uses historical data to test whether that has been the case.

    It investigates the 22 times that the United States has raised the minimum wage by looking at employment trends during the 12 months prior to the minimum wage increase and the 12 months after to the minimum wage increase. 

    The report finds that the "basic economic indicators show no correlation between federal minimum-wage increases and lower employment levels, even in the industries that are most impacted by higher minimum wages." In fact, it finds that for a majority of the instances (68%) overall employment increased after the minimum wage was increased. In addition, of the only eight times when employment decreased after minimum wage hikes, the United States was in a recession or in close proximity to one in every instance. 

     

  • 05.11.15

    The Big Picture: Fight For $15 With Robert Reich

    Robert Reich begins this video talking about morality - that "the majority of Americans agree that no-one who works full time should be in poverty, and neither should their family." Reich describes the current situation where the minimum wage is not high enough to raise workers out of poverty and that "the working...

    Robert Reich begins this video talking about morality - that "the majority of Americans agree that no-one who works full time should be in poverty, and neither should their family."

    Reich describes the current situation where the minimum wage is not high enough to raise workers out of poverty and that "the working poor remain impoverished"

    Reich argues that if the minimum wage kept up with inflation it would be $10.52 and if it kept up with productivity it would be more than that. He also describes what he calls the "virtuous cycle" where when individuals make a higher minimum wage, they spend that money which creates more demand, and therefore more jobs. 

  • 04.01.15

    A Stagnating Minimum Wage has Left Low-Wage Workers Facing a Longer Climb to Reach The Middle Class

    This graph from the Economic Policy Institute shows the value of the minimum wage as a percentage of the average hourly wage, Cooper points out that "As shown in the figure, at its high point in the late 1960s, the minimum wage was equal to 53 percent of the average wage. Yet after 46 years of infrequent or inadequ...Read More

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  • 08.31.14

    Nick Hanauer: Beware, Fellow Plutocrats, The Pitchforks Are Coming

    In this video, "0.1%-er", Nick Hanauer talks about capitalist economies and why the notion that enriching the rich is best for the country is completely wrong. He argues that a system where the rich have everything and the poor have nothing is inherently unstable, and instead, when wages are raised for the lower a...

    In this video, "0.1%-er", Nick Hanauer talks about capitalist economies and why the notion that enriching the rich is best for the country is completely wrong.

    He argues that a system where the rich have everything and the poor have nothing is inherently unstable, and instead, when wages are raised for the lower and middle classes (specifically the minimum wage) those people have the money to spend on things that they would not have otherwise been able to buy (e.g. if restaurants pay their workers enough to be able to eat out at restaurants, that is great for the restaurant business.) 

    Hanauer states that capitalism is the best system out there, but that it is inherently flawed to benefit the rich and therefore needs to be regulated so that this country can benefit all that live in it.

  • 01.08.14

    Minimum Wage vs. Purchasing Power

    This graph compares the nominal value of the minimum wage (the dollar amount of the minimum wage) to the the real value of the minimum wage (the purchasing power of the minimum wage, meaning the amount of money in today's dollars that you would need in order to buy the same amount of goods.) We see that while the n...

    This graph compares the nominal value of the minimum wage (the dollar amount of the minimum wage) to the the real value of the minimum wage (the purchasing power of the minimum wage, meaning the amount of money in today's dollars that you would need in order to buy the same amount of goods.) We see that while the nominal value of the minimum wage has increased since 1938 when it was enacted, the purchasing power of the minimum wage peaked in 1968 and has decreased since then.  

    Minimum Wage vs. Purchasing Power

     

    Tags: Minimum Wage