Minimum Wage Research

Minimum wage research examines how setting or changing the lowest legal pay employers can give workers impacts the economy, employment levels, and living standards. Researchers analyze data from different regions and time periods to understand whether increasing the minimum wage helps reduce poverty and income inequality without leading to significant job loss or increased automation. The goal is to find a balanced approach that supports workers’ earnings while maintaining a healthy workforce and economy. Such studies often inform policymakers on the potential benefits and trade-offs of adjusting the minimum wage.