This is a summary post of three different ways to look at the impact of minimum wages above the federal minimum wage for the last decade+
It includes a look at the wage and employment effects using all states with above federal minimum wages, comparisons between neighboring cities in states with and without elevated minimum wages, and a comparison of red states with increased minimum wages in comparison to states without an increased minimum wage over the federal minimum wage
In general, it finds a meaningful increase in wages in low wage industries without a significant effect on employment. It doesn’t include much discussion on price impact, but from the labor side of it these seem to have been a win for the implementing states
Minimum wage, and increases to it, can be controversial, so this evidence is a helpful indicator that in practice these policies might be more helpful than harmful
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This is a summary post of three different ways to look at the impact of minimum wages above the federal minimum wage for the last decade+
It includes a look at the wage and employment effects using all states with above federal minimum wages, comparisons between neighboring cities in states with and without elevated minimum wages, and a comparison of red states with increased minimum wages in comparison to states without an increased minimum wage over the federal minimum wage
In general, it finds a meaningful increase in wages in low wage industries without a significant effect on employment. It doesn’t include much discussion on price impact, but from the labor side of it these seem to have been a win for the implementing states
Minimum wage, and increases to it, can be controversial, so this evidence is a helpful indicator that in practice these policies might be more helpful than harmful