Saturday, May 22, 2021

Living Wage: Is It Feasible?

Ian Greer tells Theresa Alt how the Co-Lab at ILR mobilizes research resources at Cornell to work on practical matters. They include the question of setting the minimum wage in Tompkins County at the level of the local living wage. Big employers mostly oppose it, but a few favor it. Some small employers are for it, most are not. Most really don’t know what it will cost them. Economists show that raising minimum wages leads to little reduction in jobs. Raising them would especially help people of color. Loss of benefits is a smaller problem with a bigger raise in the minimum wage than with a stingy one. Recorded March 5, 2021.

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