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Ensuring the minimum wage keeps up with economic growth | Opinion Updated Feb 28, 2021; Posted Feb 28, 2021 It may seem like a lot, but it’s not the most important change in the bill. (AP Photo/J. Scott Applewhite) Facebook Share Supporters argue a higher minimum wage would translate into higher incomes for millions of low-wage employees, such as restaurant waiters, retail salespeople and child care workers, and thereby lift a lot of people out of poverty. Opponents claim it would hurt businesses and lead to a lot of job losses. As an economist who studies labor mar...

The Nation, check out our latest issue. Subscribe to Support Progressive Journalism The Nation is reader supported: Chip in $10 or more to help us continue to write about the issues that matter. Sign up for our Wine Club today. Did you know you can support The Nation by drinking wine? Economic crises shine a spotlight on a society’s inequities and hierarchies, as well as its commitment to support those who are most vulnerable in such grievous moments. The calamity created by Covid-19 is no exception. The economic fallout from that pandemic has tested the nation’s social safety ne...

Supporters argue a higher minimum wage would translate into higher incomes for millions of low-wage employees, such as restaurant waiters, retail salespeople and child care workers, and thereby lift a lot of people out of poverty. Opponents claim it would hurt businesses and lead to a lot of job losses. As an economist who studies labor markets and income inequality, I believe both claims exaggerate the impact and miss a key point of what the minimum wage is meant to achieve. The current debate offers a perfect opportunity to restore the wage floor’s original purpose, as laid out by FDR ov...

Over 33 Percent of Low-Paid Workers Lost Jobs During Pandemic Banners reading "no job no rent" are displayed on a building in Washington, D.C., on August 9, 2020. Eric Baradat / AFP via Getty Images By Economic crises shine a spotlight on a society’s inequities and hierarchies, as well as its commitment to support those who are most vulnerable in such grievous moments. The calamity created by Covid-19 is no exception. The economic fallout from that pandemic has tested the nation’s social safety net as never before. Between February and May 2020, the number of unemployed workers soa...

A field guide to our threadbare social safety net...