Minimum Wage Study

A Minimum Wage Study examines how increasing the lowest legal pay employers must give workers affects the economy, employment, and living standards. Researchers analyze data from regions or periods before and after wage changes to identify impacts such as employment levels, business health, and worker income. The goal is to determine whether higher minimum wages help reduce poverty without significantly losing jobs, or if they lead to negative economic consequences. These studies inform policymakers on setting fair wage standards that balance better income for workers with a healthy job market.