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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.
Gordon Tullock was right - Marginal REVOLUTION
Do minimum wage changes affect workplace health and safety? Using the universe of workers’ compensation claims in California over 2000-2019, we estimate whether minimum wage shocks affect the rate of workplace injuries. Our identification exploits both geographic variation in state-and city-level minimum wages and local occupation-level variation in exposure to minimum wage changes. We find […]
Conservative Michigan lawmakers are threatening to undermine minimum wage increases for tipped workers | Economic Policy Institute
Seven years after conservative Michigan lawmakers scrapped a ballot measure that—if passed—would have increased the state’s minimum wage and gradually eliminated the lower tipped minimum wage, a Michigan Supreme Court decision is slated to go into effect next month to reinstate the ballot measure’s benefits for low-wage workers. However, conservative state lawmakers are considering new…
Unpaid internships lock out working-class graduates from top careers, warns Sutton Trust
unpaid internships still dominate in key sectors, according to the sutton trust, disadvantaging working-class graduates. the charity urges a ban on unpaid roles lasting four weeks or more and stricter enforcement of minimum wage laws.
3 Policies to Guide a Pro-Growth, Pro-Worker Economy Under Trump
There is a powerful business case to be made for increasing the economic status of the lowest paid U.S. workers. Lower levels of inequality are correlated with higher overall economic growth that benefits every member of society, including shareholders. It has also been shown that companies with the best employee practices create sustained long-term value for their shareholders. But the private sector cannot act alone in creating a more inclusive form of capitalism. It needs strong incentives from the government. Among the potential policy ideas that could move the needle: expand employee ownership programs; raise the income level where federal tax is due; and make the minimum wage a living wage.
Tuesday assorted links - Marginal REVOLUTION
1. How fiscally progressive are state governments? 2. Update on the quest to abolish parking minimums (NYT). 3. When are tariffs the optimal industrial policy? 4. Interview with the CEO behind DeepSeek. 5. Executive Order tracker. 6. “Our findings indicate that, on average, a large minimum wage increase results in a 4.6 percent increase in […]
BYD's Chinese Workers At Brazilian Factory Signed Contracts With Potential Labor Law Breaches: Report - BYD (OTC:BYDDY) - Benzinga
Workers employed at Chinese EV maker BYD Co's factory in Brazil reportedly earned nearly twice the Chinese hourly minimum wage in many regions, despite questionable working conditions.