January 28, 2014

The Tight Link Between the Minimum Wage and Wage Inequality

The Tight Link Between the Minimum Wage and Wage Inequality

"A higher minimum wage is an important way to address wage inequality, as the erosion of the minimum wage is the main reason for the increase in inequality between low-and middle-wage workers (in particular the 50/10 wage gap, that between the median and the 10th percentile earner). This is particularly true among women, the group for whom the wage gap in the bottom half grew the most."