This week’s IGM Economic Experts Panel statements:
A: Raising the federal minimum wage to $9 per hour would make it noticeably harder for low-skilled workers to find employment.
B: The distortionary costs of raising the federal minimum wage to $9 per hour and indexing it to inflation are sufficiently small compared with the benefits to low-skilled workers who can find employment that this would be a desirable policy.
Keyword: low-skill workers
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This week’s IGM Economic Experts Panel statement:
The average US citizen would be better off if a larger number of highly educated foreign workers were legally allowed to immigrate to the US each year.
This week’s IGM Economic Experts Panel poll statement:
One of the leading reasons for rising U.S. income inequality over the past three decades is that technological change has affected workers with some skill sets differently than others.
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