Minimum Wage
The minimum wage became an indelible aspect of the American policy landscape in 1938, with the passage of the Fair Labor Standards Act (FLSA). The minimum wage is the lowest amount an employer can pay a worker for her services. The federal minimum wage is set (or not) by Congress, although states, counties, and municipalities can set a higher (but not a lower) minimum wage than that mandated by the federal goverment.
Cry Wolf Quotes
We say we're trying to help the working poor while we actually will be helping young part-time workers. There is one thing, however, upon which there is agreement. Economists from all persuasions agree that increasing the minimum wage will mean lost jobs and it will mean inflation.
Youth unemployment is three times the overall unemployment rate, and for minority youth it is much, much higher. Let us not make the problem worse by enacting a minimum wage which denies young people jobs.
Emotional appeals about working families trying to get by on $4.25 an hour are hard to resist. Fortunately, such families don't really exist.
The truth is that if your labor is worth $6.75 an hour and the minimum wage is raised to $7.75, you simply become unemployable. The first rung of the ladder is gone, and there's no place to start….This legislation is the ultimate expression of the cruelest of all human lies: ‘I'm from the government, and I'm here to help.'
Evidence
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States with Minimum Wages above the Federal Level have had Faster Small Business and Retail Job Growth
The authors decisively disprove the argument that the minimum wage takes a particularly cruel toll on small businesses, which frequently employ low-wage workers (and operate on thin profit margins).
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The Wage and Employment Impact of Minimum-Wage Laws in Three Cities
The Economic Policy Research analyzes the effects of minimum wage increases in Santa Fe, San Francisco and Washington D.C., in comparison with their surrounding suburbs and nearby urban centers that didn’t experience similar wage hikes.
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The Minimum Wage Merry-Go-Round
Ezra Klein neatly dismantles the usual conservative arguments against the minimum wage.
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Making Work Pay: The Impact of the 1996-97 Minimum Wage Increase
The Economic Policy Institute study shows that the Clinton-era minimum wage increases mostly supported the wages of low-income adults.
Backgrounders & Briefs
Minimum Wage Policy Brief
By Professor Stephanie Luce
The idea of minimum wage laws has been around for more than a century. They are still a good idea.
Resources
Raise the Minimum Wage is a project of the National Employment Law Project. The effort is devoted to preserving the wage floor by raising the federal minimum wage.
