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Discover Latest #Minimum wage News, Articles and Videos with Contenting
3.1 Low-wage workers in the US hit by COVID-19 The COVID-19 pandemic has had a devastating impact on low-wage workers in the United States. According to a study by the Economic Policy Institute, an estimated 5.1 million low-wage workers in the US have been laid off or furloughed since the start of the pandemic. This represents nearly one-third of the total number of workers affected by the crisis. Additionally, the pandemic has further highlighted the need for a national minimum wage increase. Currently, the federal minimum wage in the US is $7.25 an hour, which is well below the poverty line for many families. The effects of the pandemic have also highlighted the need for additional measures to protect vulnerable workers, such as paid sick leave and hazard pay.
A review of key 2024 ballot measures: Voters backed progressive policy measures | Economic Policy Institute
In this year’s election, voters given the opportunity to weigh in directly on questions of economic justice showed policy preferences far more progressive than those reflected in many national and state election outcomes. Across the country, voters seized opportunities to approve state or local ballot measures increasing the minimum wage, expanding paid leave, strengthening workers’…
Union Cabinet likely to approve ELI schemes after Jharkhand and Maharashtra elections - The Economic Times
The Indian government is poised to approve employment-linked incentive schemes after assembly elections conclude in Jharkhand and Maharashtra. The labor ministry aims to implement these schemes by 2024, aiming to transition a significant portion of India's informal workforce into formal employment, ensuring minimum wages and social security benefits.
Gig work: Long hours, less than minimum wage - BusinessWorld Online
RIDE-HAILING and delivery gig workers need to spend extended hours on the road and even then, struggle to net the equivalent of minimum wage, according to Fairwork Philippines, an advocacy for platform workers. Cheryll Ruth R. Soriano, a professor at De La Salle University and principal investigator at Fairwork, said gig workers also take on […]
Do Minimum Wages Reduce Job Opportunities for Blacks? - Marginal REVOLUTION
We provide a comprehensive analysis of the effects of minimum wages on blacks, and on the relative impacts on blacks vs. whites. We study not only teenagers – the focus of much of the minimum wage-employment literature – but also other low-skill groups. We focus primarily on employment, which has been the prime concern with […]
Is California turning to the right? - Econlib
Recent referenda on the minimum wage produced some striking results: The California proposal to raise the minimum wage to $18 an hour in steps by 2026 narrowly failed, 51%-49%. Opponents and backers amassed a combined $1.8 million war chest for the issue — the lowest amount of all the propositions on Californians’ ballots this year, according […]
Thursday assorted links - Marginal REVOLUTION
1. How good are American roads? 2. Civil War death toll higher than had been thought (NYT). 3. The reason a minimum wage struggles to deliver efficiency gains is that with realistic firm productivity dispersion, a minimum wage that eliminates monopsony power at one firm causes severe rationing at another.” 4. The size of the […]