Minimum Wage

What’s So Bold about $9.00 an Hour?

By Colin Gordon and John Schmitt
Dissent
The takeaway from all of this is simple: even the low benchmarks suggested here (one half the average production wage, the poverty level for a family of two, simply recapturing the minimum’s 1968 value) come in at more than $9.00. The benchmarks that actually sustain the value of the minimum or tie it to economic growth over time come in at close to twice that.

Declining value of the federal minimum wage is a major factor driving inequality

Lawrence Mishel
Economic Policy Institute
Contrary to some political rhetoric of late, wage stagnation for American workers and rising inequality is not due to lack of effort; the broad middle class has increased its productivity, upgraded its educational attainment, and worked more hours. Rather it is due to certain policies that have weakened the bargaining position of low- and middle-wage workers. Among these policies is the refusal to set a the minimum wage at an enforceable 50 percent of the average wage.

Minimum Wage: Who Decided Workers Should Fall Behind?

Dean Baker
Huffington Post
If workers at the bottom had continued to share in the economy's growth in the years since 1968 as they had in the three decades before 1968, we would be looking at a very different economy and society. If the minimum wage had risen in step with productivity growth it would be over $16.50 an hour today.That is higher than the hourly wages earned by 40 percent of men and half of women.

Pages