Burr vs Hamilton. The Celtics vs the Lakers. Godzilla vs King Kong. To this list of famous rivalries you can now add: advocates of raising the minimum wage to 15 dollars an hour... versus opponents of raising it.
We have been watching economists duke it out on social media and in their papers, arguing for and against the idea. This is a topic where things can get heated, but it's also a really important and nuanced debate.
To show what's at stake, Stacey and Cardiff take sides on the minimum wage debate. Get ready for a fight over the minimum wage... with maximum rage!
Articles on Minimum Wage:
Characteristics of minimum wage workers (2019), from the Bureau of Labor Statistics
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income, from the Congressional Budget Office
Minimum Wages and Racial Inequality (paywall), by Ellora Derenoncourt and Claire Montialoux
Impacts of Minimum Wages: Review of the International Evidence, by Arindrajit Dube
City Limits: What do Local-Area Minimum Wages Do?, by Arindrajit Dube and Attila S. Linder
Racial Inequality and Minimum Wages in Frictional Labor Markets, by Jesse Wursten and Michael Reich
The Disparate Impact of a National $15 Minimum Wage, by Paul H. Kupiec
Myth or Measurement: What Does the New Minimum Wage Research Say about Minimum Wages and Job Loss in the United States?, by David Neumark and Peter Shirley
The Distributional Effects of Minimum Wages: Evidence from Linked Survey and Administrative Data, by Kevin Rinz and John Voorheis
The Economic Impact of a High National Minimum Wage: Evidence from the 1966 Fair Labor Standards Act, by Martha J. Bailey, John DiNardo, and Bryan A. Stuart
History of Changes to the Minimum Wage Law, from the Department of Labor
Why $15 Minimum Wage is Pretty Safe, by Noah Smith
The Minimum Wage Pushback, by Noah Smith
Minimum Wage Tracker, from The Economic Policy Institute
$15 Minimum Wage Subverts Biden Recovery Plan (paywall), by Michael R. Strain
How Can Price Theory Help Us Navigate the Minimum Wage Debate?, by Brian Albrecht
Pay Is Rising Fastest for Low Earners. One Reason? Minimum Wages., by Ernie Tedeschi
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.