The $15 Minimum Wage Isn’t the Only Way to Raise Worker Pay
By: Katie Bach and Zeynep Ton for Politico March 29, 2021
To the disappointment of many on the left, President Joe Biden’s Covid-19 relief package did not include an increase in the federal minimum wage, dimming the prospect of setting a national wage floor at $15. But there is another step the administration can take to push companies to pay more: disclosure.
There’s a business maxim that goes, “What gets measured, gets managed.” If it’s not possible to pass legislation to impose higher minimum wages, the administration can still put upward pressure on wages by requiring companies to disclose data on their workers’ take-home pay. Pay disclosures would let employers, employees and investors all know if workers are earning enough to support themselves and their families.