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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.
D.C. Council should support tipped workers by maintaining I-82: There is no evidence that the policy is harming the restaurant industry in the District | Economic Policy Institute
The D.C. Council is debating watering down or eliminating Initiative 82 (I-82), a law passed overwhelmingly by D.C. voters in 2022 that gradually phases out the subminimum wage for tipped workers through 2027. The D.C. Council has already postponed wage increases for tipped workers this year, delaying a scheduled July increase to October.{{1}} Further actions…
2025 worker-led state policy victories show how states can—and must—do more to hold the line against escalating federal attacks on workers’ rights | Economic Policy Institute
State action to strengthen worker rights and protections has become critically important at a moment when long-standing U.S. labor standards are under acute threat. Escalating threats include Trump administration attempts to roll back (or stop enforcing) standards that set a national floor for minimum wage, overtime pay, health and safety, nondiscrimination, child labor, and other…
Trump’s Department of Labor is dismantling key workplace protections | Economic Policy Institute
Congress has failed workers for decades. Policymakers have not raised the minimum wage in nearly 20 years. They have not passed legislation to fix our nation’s broken labor law, leaving the National Labor Relations Act largely untouched for more than 60 years. Further, they have failed to pass legislation providing U.S. workers with paid sick…
Pros and cons of minimum wage legislation - BusinessWorld Online
The frequent reference of Pope Leo XIV to the first social encyclical written by Pope Leo XIII — Rerum Novarum — has prompted economists, social scientists, philosophers, and theologians to review the teachings contained in the encyclical.
Pros and cons of minimum wage legislation: How much is enough? - BusinessWorld Online
How do we help employers who want to comply with the ethical standard set by the Social Doctrine of the Church, that a living wage must enable the worker and his family to attain a minimum level of comfort and decency with the wage that he or she is paid.
Wednesday assorted links - Marginal REVOLUTION
1. Where are all the trillion dollar biotech companies? 2. Ne Zha 2 is bombing in America. 3. More John Cochrane on the Fed. 4. Some new problems with the minimum wage. 5. “Complaining about feminization does not a man make”. 6. Did the rise of OpenAI stop Google from being broken up? 7. Geoffrey […]
The weight of research opinion against minimum wage hikes continues to shift - Marginal REVOLUTION
This piece is by DuckKi Cho and is titled “Downward Wage Rigidity and Corporate Investment”: Firms reduce investment when facing downward wage rigidity, the inability or unwillingness to adjust wages downward. To document this behavior, I exploit staggered state-level changes in minimum wage laws as an exogenous variation in downward wage rigidity. Following a 1-standard-deviation […]