January 27, 2021

Minimum Wage

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“Democrats in the House and Senate reintroduced a bill Tuesday to raise the U.S. minimum wage to $15 per hour.” CNBC

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From the Right

The right opposes raising the minimum wage.

From the Left

The left supports raising the minimum wage.

The left supports raising the minimum wage.

A libertarian's take

“No matter what you think about the recent literature on the minimum wage, all economic theories imply that minimum wages should be decided at the state and local level, given the economic heterogeneity of the United States.  That is the message that you as an economist should be carrying forward. Do you think Puerto Rico should be a state? Should they have a $15 minimum wage too? Come on. Yes, it is easy enough to make an exception for them, and by the way the median manufacturing wage in Mississippi is below $15 as well. Rinse and repeat.”
Tyler Cowen, Marginal Revolution

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