In Wisconsin, the main beneficiaries of a minimum wage increase to $10.10 would be individuals aged 20-29 years, females, and (proportionately), blacks and hispanics. Hence, opposition to a minimum wage increase implies a worse outcome for those groups in the aggregate relative to an elevated-minimum-wage scenario.
Category Archives: labor market
The Unfootnoted Assault on the Minimum Wage Increase – Wisconsin Edition
The Wisconsin Manufacturers and Commerce group has a recent piece, written by Scott Manley (VP), highlighting negative impacts of a minimum wage increase. I have attempted to track down the numbers cited. It has been an illuminating experience.
Faith and Econometrics: Minimum Wage Edition
Why bother with econometrics when revealed truth will do?
Some Macro Implications of a Minimum Wage Hike
With updates on the econometric debates on effects, and efficacy in targeting low income groups (3/30)
Minimal employment number impacts and minimal inflation impacts. But I am sure the resistance to having a greater share of income going to labor will continue.
Elevating the Minimum Wage, in Wisconsin and the Nation
With update links to CBO and the CEA comment on the minimum wage.
Despite the likely benefits, policymakers in Wisconsin make statements such as the following (from Fox6Now):
“I’m not a big supporter of artificially increasing the minimum wage. I think the marketplace is a much better way to go,” [Wisconsin Assembly Speaker Robin] Vos said.
Compensation, Productivity and Labor Share
Productivity outpaces real wages, deflated using the output deflator, or using the CPI.
A Feasible Measure for Mitigating Income Inequality
Raise the Minimum Wage!
In the wake of New Jersey’s raise in the minimum wage,[0] it seems like a good time to re-assess the case for a nationwide increase. Back in the February State of the Union message, President Obama proposed an increase to $9.00 by the end of 2015. Figure 1 places in historical context the proposal.
The Low Income Wage Bill Responsiveness to a Minimum Wage Increase
Quasi partial equilibrium algebra and a graphical analysis