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25 juillet 2023 - 17:33
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What the US gets wrong about minimum wage
Raising the minimum wage doesn’t have to be so hard.
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The American federal minimum wage hasn’t gone up in a decade. That’s the longest wait since the US first set a minimum wage in 1938. Today, Congress is debating whether they should raise it again. But the fact that Congress has to debate it at all is… kind of weird.
In the US, unlike in other developed countries, the minimum wage is a political issue. That means it gets raised irregularly and unpredictably. And that causes a bunch of problems for American workers and businesses.
But it doesn’t have to be that way.
Read more about the current debate to raise the minimum wage from Alexia:
https://www.vox.com/2019/7/18/20697509/minimum-wage-bill-raise-the-wage-act
And more about what other countries do, from the OECD:
http://www.oecd.org/employment/emp/Minimum%20wages.pdf
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