1 result for tag: labor economics


Guest Opinion: Moderate minimum wage hikes don’t impact employment MOST POPULAR Never Miss A Story Subscribe to The Intelligencer UPCOMING EVENTS CLOSE

By Jacqui Rogers / Feb. 26, 2020 Eight Nobel prize-winners were among the 600 economists who explained in a 2014 letter to Congress, “The effect of increasing the minimum wage on employment is probably the most studied topic in labor economics, and the consensus of the literature is that moderate increases in the minimum wage has little or no negative effect on employment.” Tell it to the Pennsylvania legislature. For the past 10 years, Pennsylvania’s minimum wage has remained at $7.25 per hour, the lowest amount allowable by federal law, even as inflation has risen 13 percent. Every state bordering Pennsylvania has raised its minimum ...