{"id":10449,"date":"2014-01-25T12:30:09","date_gmt":"2014-01-25T17:30:09","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=10449"},"modified":"2014-01-25T12:23:36","modified_gmt":"2014-01-25T17:23:36","slug":"who-benefits-from-minimum-wage-increases","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2014\/who-benefits-from-minimum-wage-increases\/","title":{"rendered":"Who Benefits From Minimum Wage Increases?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10450\" alt=\"rich and poor\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/01\/rich-and-poor.jpg\" width=\"640\" height=\"480\" srcset=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/01\/rich-and-poor.jpg 640w, http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/01\/rich-and-poor-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>The poorest workers live on minimum wage, and so a rise in minimum wage helps the poorest the most. Right? Well&#8230;<\/p>\n<ul>\n<li>Economists Subia and Burkhauser looked at state level variations in minimum wages between 2003 and 2007. They then predicted that if the federal minimum wage was increased to $9.50 an hour then:<\/li>\n<li>Of the workers officially defined as &#8216;poor&#8217;, 11.3% would benefit.<\/li>\n<li>63.2% of workers who would gain would be those who live in households with incomes equal to double or more the poverty line.<\/li>\n<li>42.3% of workers to gain would be those in households with three times or more the official poverty threshold.<\/li>\n<li>Burkhauser suggests that for those on the poverty line, there are many non-monetary benefits that their employer gives, and can take these away if there is an increase in the minimum wage.<\/li>\n<\/ul>\n<p>For the original summary, head over <a href=\"http:\/\/econlog.econlib.org\/archives\/2014\/01\/minimum_wage_no.html\">here<\/a>. Or, if you&#8217;re interested, we&#8217;d highly recommend checking out Tyler Cowen&#8217;s thoughts on the original article and its critics over <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2014\/01\/how-well-does-a-minimum-wage-boost-target-the-poor.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+marginalrevolution%2Ffeed+%28Marginal+Revolution%29&amp;utm_content=Netvibes\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/econlog.econlib.org\/archives\/2014\/01\/minimum_wage_no.html\">Library of Economics and Liberty<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2014\/01\/how-well-does-a-minimum-wage-boost-target-the-poor.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+marginalrevolution%2Ffeed+%28Marginal+Revolution%29&amp;utm_content=Netvibes\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The poorest workers live on minimum wage, and so a rise in minimum wage helps the poorest the most. Right? Well&#8230; Economists Subia and Burkhauser looked at state level variations in minimum wages between 2003 and 2007. They then predicted that if the federal minimum wage was increased to $9.50 an hour then: Of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/01\/rich-and-poor.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=10449"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10449\/revisions"}],"predecessor-version":[{"id":10460,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10449\/revisions\/10460"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/10450"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=10449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=10449"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=10449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}