This week's European Economic Experts Panel statements:
A) A federal minimum wage of $15 per hour would lower employment for low-wage workers in many states.
B) A federal minimum wage that is pegged to state and/or local conditions such as the cost of living would be preferable to the current arrangements that give states a role in setting the policy.
Keyword: minimum wage
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This week's US Economic Experts Panel statements:
A) A federal minimum wage of $15 per hour would lower employment for low-wage workers in many states.
B) A federal minimum wage that is pegged to state and/or local conditions such as the cost of living would be preferable to the current arrangements that give states a role in setting the policy.
This week’s IGM Economic Experts Panel statements:
A) If the federal minimum wage is raised gradually to $15-per-hour by 2020, the employment rate for low-wage US workers will be substantially lower than it would be under the status quo.
B) Increasing the federal minimum wage gradually to $15-per-hour by 2020 would substantially increase aggregate output in the US economy.
This week’s IGM Economic Experts Panel statements:
A: Raising the federal minimum wage to $9 per hour would make it noticeably harder for low-skilled workers to find employment.
B: The distortionary costs of raising the federal minimum wage to $9 per hour and indexing it to inflation are sufficiently small compared with the benefits to low-skilled workers who can find employment that this would be a desirable policy.
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