minimum wage

Jennifer L. Romich | Since 2012, more than 30 cities or counties have raised local minimum wages above the federal standard of $7.25 per hour. New wage laws have taken effect in large urban centers such as Los Angeles, New York City, and Chicago, and smaller cities such as Las Cruces, New Mexico and Tacoma, Washington. Advocates for minimum wage laws suggest that such measures will raise wages, reduce income inequality, and make low-wage workers better off; critics counter that higher wages may lead firms to reduce employment, ultimately making workers as a class worse off. Read More