Sci Show: The 1966 Fair Labor Standards Act, which raised the minimum wage for several economic sectors, led to a sharp rise in earnings for workers but without any adverse aggregate effect on employment. The minimum wage increases also played a critical role in reducing the racial wage gap in the US.

Sunday, January 17, 2021

The 1966 Fair Labor Standards Act, which raised the minimum wage for several economic sectors, led to a sharp rise in earnings for workers but without any adverse aggregate effect on employment. The minimum wage increases also played a critical role in reducing the racial wage gap in the US.

https://ift.tt/3sJmlEK via /r/science https://ift.tt/3nTZXEI

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)