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Questions tagged [minimum-wage]

Questions about government policies which mandate that employers must pay at least a minimum wage to each employee.

33
votes
7answers
12k views

Why is minimum wage not tied to the cost of living?

I often heard minimum wage discussions and typically a single figure is presented (where I live it is the gross monthly value, elsewhere I hear about the gross hourly rate). However, there are great ...
38
votes
6answers
12k views

Why does Spain's government want to increase the minimum wage by such a large percentage at once?

According to the BBC, Spain wants to increase the minimum wage by more than 20%: Spain's minimum wage will jump by 22% in 2019 - the largest annual increase in more than 40 years. It means ...
18
votes
7answers
5k views

What are the reasons for not calculating government officials' wages in terms of minimal wage?

In the context of Russian Federation, a deputy of the Duma (the lower assembly) is said to be earning ~400k rubles per month on average (actual amount doesn't matter, only the order of magnitude), ...
0
votes
2answers
378 views

What are the consequences of a minimum wage increase to £10 p/h?

Throughout the UK election Jeremy Corbyn and Labour had in their manifesto to raise the minimum wage to £10 p/h: The shadow chancellor told his party's conference in Liverpool that he would task a ...
11
votes
3answers
969 views

What are the advantages and disadvantages of having minimum wage automatically adjusted for inflation?

I have heard some people advocate that minimum wage should be automatically adjusted for inflation, reindexed on a yearly basis. For instance, if the minimum wage is $10/hr and inflation is at 5% that ...
3
votes
1answer
334 views

Under what criteria is a minimum wage law superior to an earned income tax credit based system?

Under what criteria is a minimum wage law superior to an incentive compatible earned income tax credit (EITC) system like the one in the United States? Some of the criteria I think are important for ...
3
votes
3answers
444 views

Feasible peak to minimum wage?

A number of US minimum wage advocates seek regular increases in the minimum wage. As a matter of political and economic feasibility, how high can the hourly minimum wage be set? I assume this would ...
12
votes
4answers
712 views

Are Minimum Wage laws correlated with higher poverty levels?

Minimum Wage laws are promoted as a way to ensure that people earn a living wage, and are not living below the poverty line. Research on the subject disagrees about the effectiveness of such ...