A U.S.-based economist won the Nobel prize in economics Monday for pioneering research that transformed widely held ideas about the labor force, showing how an increase in the minimum wage doesn’t hinder hiring and immigrants don’t lower pay for native-born workers. Two others shared the award for developing ways to study these types of societal
Arizona Sen. Kyrsten Sinema said she still believes the Senate should take up a higher minimum wage, but that didn’t keep critics from lighting into her after her Friday vote to keep the higher wage out of the latest pandemic relief package. Sinema was one of seven Democrats who joined Republicans to reject an amendment to the
Democrats’ hopes of including a minimum wage increase in their $1.9 trillion COVID-19 relief bill seemed all but dead Monday as the Senate prepared to debate its own version of the House-passed aid package. Four days after the chamber’s parliamentarian said Senate rules forbid inclusion of a straight-out minimum wage increase in the relief measure,
The Biden administration’s “American Rescue Plan,” a $1.9 trillion relief package, has prompted intense debate, especially its proposal to raise the federal minimum wage to $15 per hour by 2025. Although Econ 101-style arguments abound, it’s worthwhile to ask who supports the minimum wage, and why. Both economic theory and empirical research suggest that raising the minimum wage would increase the
House Democrats on Tuesday muscled past Republicans on portions of President Joe Biden’s pandemic plan, including a proposed $130 billion in additional relief to help the nation’s schools reopen and a gradual increase of the federal minimum wage to $15 an hour. Democrats on the Education and Labor Committee say schools won’t be able to
Like many Democrats, Joe Biden is full of promises. The Democratic presidential candidate recently vowed to create 3 million jobs in caregiving and early education as part of his “Build Back Better” economic agenda. Investing $1.3 trillion into American infrastructure. Moving the U.S. economy to net-zero greenhouse gas emissions. Rebuilding the middle class. These are all Biden promises, yet his