Thomas Piketty, a French economist who works on wealth and income inequality, has triggered a debate on the distribution of income and wealth in many countries. This is no small issue because views on income inequality and concomitant redistributive preferences are crucial to the design of tax and transfer systems.
In 1958, when New York State was considering raising its minimum wage, merchants complained that their profit margins were so small that they would have to cut their work forces or go out of business. In 2014 in Seattle at hearings on a proposed minimum wage increase, some businesses voiced the same fears.
Seventy-five economists, including seven Nobel Prize laureates, sent an open letter to President Barack Obama and the U.S. Congress on Tuesday, urging them to raise the federal minimum wage.
In the midst of a nationwide movement for policymakers to raise minimum wages for millions of workers in the United States, experts here continue to debate the advantages and drawbacks of raising the federal rate.
Haiti’s minimum wage will nudge up 12 percent on Jan. 1, from 4.65 to 5.23 dollars (or 200 to 225 gourdes) per day. Calculated hourly, it will go from 58 to 65 cents, before taxes.
Workers at fast-food restaurants in 60 cities across the United States went on a one-day strike Thursday, the largest action yet in a strengthening year-long push for higher wages and the opportunity to form unions without retaliation.
Proponents of a proposed higher “living wage” requirement for workers at large retailers here in Washington are stepping up their campaign, urging the city’s mayor to sign pending legislation into law.
A landmark court decision this week has challenged the controversial existence of unpaid internships, highlighting calls for greater clarity on the legal definition of an internship.
During his State of the Union address earlier this year, U.S. President Barack Obama spoke about the need to increase the federal minimum wage, which Congress has not voted to raise since 2007.