Minimum wage increases a mixed bag, but ‘not a good idea’ amid crisis
If the post-pandemic economic return includes minimum-wage increases across a few or many states, research led by Washington University in St. Louis scientists in the Olin Business School suggests that some positive and negative effects for U.S. workers follow in the two years after implementation.
Examining the links between minimum wage changes, employment
For the first time, a group of researchers at Washington University in St. Louis used a big-data approach to determine the effects of minimum-wage changes on business. The Olin Business School faculty processed wage data on more than 2 million hourly workers from across the country over a six-year period. The results? There are winners and losers.