Federal, state, and local governments can determine the minimum amount you can pay employees. Learn the answer to what is minimum wage here.
When President Franklin D. Roosevelt signed America’s first federal minimum wage into law in 1938, it was 25 cents per hour. Adjusted for inflation, that would be worth about $4.45 today. Scroll over the chart to see the US federal minimum wage through history, and what it would be wort...
…our data suggests that the combination of reduced hours, eligibility for benefits, and schedule consistency that resulted from a $1 increase in the minimum wage added up to average net losses of at least $1,590 per year per employee — equivalent to 11.6% of workers’ total wage ...
This chart shows how the real minimum wage has been stagnant for yearsJeff Desjardins
By integrating cross-country harmonized labor mobility data from the EU Labor Force Survey with the Kaitz index, a standardized measure of local minimum wage (MW) impact, I investigate the relevance of MWs for low- skilled labor mobility in Europe. Utilizing both a fixed effects model and the...
I was a bit surprised that the recent upsurge in unemployment in Ontario in June, which was especially concentrated amongst youth (individuals aged 15 to 24 years), did not generate much discussion about the impact of the minimum wage. Ontario’s...
minimum wage; in this case, up to $11.50/hour.13 The CBO's best estimate is that at the end of the three-year transition period to a $10.10/hour minimum wage, employment would be reduced by about 500,000 workers, a decline of about 3% of the workers affected.14 This is the bad ...