The 1966 extension of the minimum wage can explain more than 20% of the reduction in the racial earnings and income gap during the Civil Rights Era. Authors also ruled out dis-employment effects of minimum wage.

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Has anyone ever seriously suggested linking minimum wage to GDP or some other economic stat, rather than having to play politics every few years to increase it?

open_door_policy

you mean… it’s good for everyone when we don’t just give all our money to rich people.. fancy that

NevadaPurple

There’s a kurzgesagt video that touches on this. I think it’s the one about universal basic income.

ssmegheadd

You’re onto something here.

soakinatub