William L. Wascher of the Federal Reserve System discusses the effects of the minimum wage on income distribution.
William L. Wascher, deputy associate director in The Division of Research and Statistics at the Board of Governors of The Federal Reserve System discussess the issue of whether to raise the minimum wage goes beyond
employment, but questions of income distribution are also of critical
importance. In attempting to determine whether the minimum wage has a
positive redistributive effect, they found that it either had no
effect on ameliorating poverty or, beyond that, worsened it.
January 2, 2007
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- House Minority Leader Nancy Pelosi (D-CA) speaks on how increasing the minimum wage would affect inflation.
- Senator Edward Kennedy (D-MA) discusses that minimum wage is a women’s, civil rights and fairness issue in a conference call briefing.
- Senator Edward Kennedy (D-MA) addresses how minimum wage workers are people of dignity and who want to make a difference for their community and family.
- Jared Bernstein of the Economic Policy Institute firmly comes out against coupling tax cuts with a minimum wage increase.
- Former Senator John Edwards (D-NC) discusses the issue of minimum wage and immigration in a conference call briefing.
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