Quick Takes | Wages, Incomes, and Wealth

Statement by EPI President Lawrence Mishel on President Obama’s support for a higher minimum wage

The president’s support for a higher minimum wage is a welcomed opening to the policy conversation that’s needed about getting wages growing again, after stagnating for the last ten years among both college and high school graduates. The proposed increase will benefit 21 million workers and increase wages by $22 billion by 2015. This will not only boost wages but facilitate greater job growth by increasing spending by low-wage workers.

See related work on Minimum Wage

See more work by Lawrence Mishel