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What is the optimal minimum wage?

Ahlfeldt, Gabriel M. ORCID: 0000-0001-5664-3230, Roth, Duncan and Seidel, Tobias (2022) What is the optimal minimum wage? LSE Business Review (26 Jan 2022). Blog Entry.

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Abstract

The European Commission advocates an adequate minimum wage, which could be 60% of the median wage. A recent independent report published by the UK’s HM Treasury recommends a similar level. Germany’s Minister of Labour and Social Affairs has committed to a minimum wage of €12 per hour and the Raise the Wage Act would increase the U.S. federal minimum wage from $7.25 to $15 per hour by 2025. Gabriel Ahlfeldt, Duncan Roth, and Tobias Seidel explore whether such ambitious minimum wage increases improve the living conditions of low-wage workers as advocated by proponents, or lead to massive job loss as feared by opponents.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2022 The Authors
Divisions: LSE
Geography & Environment
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 04 Apr 2022 14:45
Last Modified: 04 Apr 2022 14:45
URI: http://eprints.lse.ac.uk/id/eprint/114106

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