Minimum wage
Lawyer talking on the phone
Unions
Class of 2026
Affordability
How high could policymakers set a national minimum wage?

Our new report proposes tying the federal minimum wage to two-thirds of the national median wage—equivalent to roughly $17.70 today and a projected $20 in 2030. This is an evidence-backed benchmark that would lift pay for nearly 40 million workers without the job losses critics typically predict. 

NEW: U.S. employers spend roughly $1.7 billion a year on union avoidance consultants and law firms to keep their workers from organizing and bargaining for better pay and working conditions, according to our new report with LaborLab. 

While research shows many nonunion workers want to join a union, U.S. labor law allows employers to derail workers’ unionization efforts with impunity. 

It doesn’t have to be this way →

The depressed overall hires rate is a key driver of new labor market weakness for young college graduates. This is true across industries, not just in those that disproportionately employ young college graduates—suggesting the culprit is not a structural change in the economy like AI but a labor market in which employers are hiring less and workers are holding onto the jobs they have.

It’s not just college graduate hiring that’s depressed →

Typical families have faced an affordability crunch in recent decades not because prices have grown exceptionally fast, but because incomes for the vast majority have grown too slowly.

Why? Because intentional policy choices have redistributed income to the very top.

Raising wages and reducing inequality are the key to improving affordability. Here’s how →

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