Local governments in China are generally required to update their minimum wages every few years but have the flexibility to adjust wages according to local conditions. Most provinces set different classes of minimum wage levels for different areas, depending on the given region’s level of developmen...
Over the years, I’ve shared many amusing memes and cartoons about minimum wage laws. But this one, based on a skit from The Eric Andre Show, may be the best of all. Not because it’s making a different point than the others, but because what has just happened in Southern California...
While well-intentioned, the truth is that when wages go up, so do menu prices so owners can afford to pay more for labor; then tips go up, too. This leaves the untipped kitchen crews behind, who already earn less than servers and bartenders. It just widens the pay disparity ...
2002 to 2009 using county-level minimum wage panel data and a representative Chinese household survey, finding that the increase of minimum wages has beneficial effects on the income distribution--particularly reducing the income gap between the median and the bottom decile--over the period of ...
Local governments in China are generally required to update their minimum wages every few years but have the flexibility to adjust wages according to local conditions. Most provinces set different classes of minimum wage levels for different areas, depending on the given region’s level of developmen...
To help set your business up for success, it’s vital that business owners are aware of and compliant with all their statutory obligations with regard to the payment of wages. Currently, the Fair Work Commission, an independent body, sets the minimum wage. It operates under the Fair Work ...
Does raising the minimum wage cause inflation? Do all workers earn at least the minimum wage? What states are increasing minimum wages in 2025?Show More Minimum wage over time The minimum wage has not kept pace with inflation when you look at nominal wages (not adjusted for inflation) versu...
Two outliers in this dataset areArgentinaandTurkey, which have increased their minimum wages by 100% or more from January 2022 levels. Turkey is suffering from an ongoing currency crisis, with the lira losing over 40% of its value in 2021. Prices of basic goods have increased considerably as...
for most of the growth in wage inequality in the bottom half of the distribution during the 1980s Using more recent data and variation in state minimum wages, Autor, Manning and Smith (2016) find much smaller spillover effects, and argue this may just reflect measurement error in wages. Bro...
The US minimum wage through the years 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 ...