Worker Wages
02/03/2021 |
President Biden’s proposal to raise the minimum wage to $15/hour will have quite unequal effects. In high-cost states like DC, MA, CT, WA, NY, and MD where $15/hour is roughly 65% of the median wage, the impacts will be much less than in MS, AR, WV, and LA where it is minimally 90% of the minimum wage! Rather than a uniform rate, base the minimum wage on median home prices.