Understanding the minimum wage: Implications for workers, employers, and communities
The Self-Sufficiency Research Clearinghouse (SSRC) sponsored a webinar, Understanding the Minimum Wage: Implications for Workers, Employers, and Communities, on August 9, 2018, 2:00-3:30pm EDT. The webinar focused on how changes in the minimum wage affect individuals, families, employers and the economy. Today, the U.S. economy continues to grow and the unemployment rate remains low. Wage growth, however, remains slow for much of the labor force. The federal minimum wage has remained at $7.25 an hour since 2009. The combination of job growth and wage stagnation has led many localities to increase their minimum wage. Economists and research experts presented on what we know about minimum wage increases and their effects on workers, low-income families, employers, and state/local economies.