walkitout (walkitout) wrote,
walkitout
walkitout

Minimum Wage Musings

I was about to post this on FB when I went, naw. This is gonna turn into one of those gigantic link fu posts. Expect edits at the end.

Today I asked myself: Hey, What Are the Democratic Candidate's positions on minimum wage, and why? Here is Slate with an answer from a few months ago. I had never heard of Alan Krueger before this. Because I have only lived in Very Expensive Places, I think $15 is kinda low for a minimum wage. However, because I have visited Much Less Expensive Places, I recognize that $15 is kinda high for a minimum wage. This makes deciding on a national minimum wage very, very difficult. After reading this, I understand why HRC is not supporting $15 nationally. HOWEVER, I can't help but wonder if maybe we could create some sort of index off the local (county or state) median income or similar, to make a national minimum wage that wasn't a dollar amount that needed to be revisited in the law every little bit, but rather something that went up (or even down!) naturally and in a locally sensitive way. That's probably a little too nerdy for politics, however.

http://www.slate.com/blogs/moneybox/2015/11/15/hillary_clinton_was_right_on_minimum_wage_and_her_rivals_were_wrong.html

ETA:

Alan Krueger, who is mentioned in the Slate piece, does interesting work in general.

http://www.hamiltonproject.org/papers/modernizing_labor_laws_for_twenty_first_century_work_independent_worker

Here is the paper with David Card mentioned in the Slate piece:

http://davidcard.berkeley.edu/papers/njmin-aer.pdf

Here is a Hamilton Project paper about setting state/local (county and city) minimum wages as a fraction of local median income with adjustments for cost of living (regional CPI), etc. It is NOT by Krueger.

http://www.hamiltonproject.org/assets/legacy/files/downloads_and_links/state_local_minimum_wage_policy_dube.pdf
Tags: economics, politics
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