union wage increases


Opinion: The Minimum Wage: Who Actually Wins, and Who Loses?

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

Scroll to Top