ICS on min wage headlines; reflection on larger debate
Last month, 29 states across the U.S. raised their minimum wages. This month, Walmart and now TJMaxx are in the headlines for committing to raise the pay of their lowest-paid employees. The Gap was the first major chain to announce such an action a year ago, following President Obama’s call to raise the national minimum wage to $10.10 per hour.
The Institute for Compensation Studies has provided some commentary and context on these recent events, as well as some helpful context for the larger economic debate surrounding minimum wage increases.
Linda Barrington comments on Marketplace on the February 2015 actions of Walmart and TJMaxx.
Stephanie Thomas provides perspective on the local impact of a New York State Department of Labor ruling on minimum wages for tipped employees to the Cornell Daily Sun.
Kevin F. Hallock offers perspective on this debate in WorldatWork's workspan Economic Effects of the Minimum Wage.