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Nobel Prize Economist David Card on testing Econ 101 theories in the real world

Oct 12, 2021
UC Berkeley Economist David Card reflects on his now Nobel Prize winning research.
David Card won the 2021 Nobel Memorial Prize in Economic Sciences for his work in developing research tools that help economists to use real-life situations to test big theories.
UC Berkeley via Getty Images

Rent for a two-bedroom on a minimum-wage income is out of reach in every state

Jul 19, 2021
A study finds that the disparity is the worst in California cities.
Angerer/Getty Images

What if the U.S. had a national maximum wage?

May 20, 2021
The average CEO makes hundreds of times more money than the average worker. A maximum wage policy would narrow that gap.
Amazon founder Jeff Bezos is worth an estimated $192 billion, according to Forbes.
Alex Wong/Getty Images

If Congress won’t raise wages for all workers, what are some other methods?

Apr 30, 2021
This is the longest the U.S. has gone without seeing an increasing to the federal minimum wage. President Joe Biden is increasing it for child care workers in his American Families Plan, and for federal contractors through executive order.
Service industry worker Pam Araiza speaks in support of the Raise the Wage Act, which includes a $15 minimum wage for tipped workers, back in January.
Jemal Countess/Getty Images for One Fair Wage

What a $15-per-hour federal minimum wage could do

Feb 22, 2021
Raising the minimum from $7.25 to $15 per hour is part of the American Rescue Act, now making its way through Congress.
The bump up to a $15 hourly minimum wage would make a big difference for people of color in particular.
Jeff Curry/Getty Images

How the end of slavery led to two different minimum wages

Feb 9, 2021
After the Civil War, companies didn’t want to reach into their own pockets to pay recently freed enslaved people.
The national tipped minimum wage is just $2.13 an hour. Companies have to kick in more if workers don't make at least $7.25 an hour when you add in their tips.
Spencer Platt/Getty Images

$15 minimum wage would reduce poverty but cut jobs, CBO says

The CBO report says a $15 minimum wage would pull 900,000 people out of poverty but cost almost 1.5 million jobs.
Service industry workers listen to remarks and hold up signs during a rally at the National Mall on Jan. 26, 2021 in support of the introduction of the Raise the Wage Act, which includes a $15 minimum wage for tipped workers and is also included in President Biden's American Rescue Plan.
Jemal Countess/Getty Images for One Fair Wage

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Biden takes a step toward $15 federal minimum wage

Jan 22, 2021
This is a fraught time to tackle minimum wage increases. It would address long-term inequities but more businesses are in trouble now.
President Joe Biden signs an executive order as Vice President Kamala Harris looks on during an event on the economic crisis Friday.
Alex Wong/Getty Images

Minimum wage increases for workers in more than 20 states this year

Jan 1, 2021
This year especially, voters are sympathetic to minimum wage workers on the front lines during a pandemic, an economist says.
McDonald's restaurant employees rally for a $15 per hour wage in 2016 in Los Angeles, California.
David McNew/Getty Images

Starbucks and Home Depot permanently raising wages

Nov 19, 2020
A growing number of people across the country and the political spectrum support raising the minimum wage. Is this a sign of a bigger shift?
Starbucks is boosting starting salaries to help attract and retain new employees.
Andrew Caballero-Reynolds/AFP via Getty Images