Understanding the Minimum Wage | OAS Episode 131

The federal minimum wage has been a hot topic this year and was debated during discussion of the 2021 Raise the Wage Act before Congress. The wage has been $7.25 an hour since 2009, and proponents of an increase say it is not adequate given the rising cost of living. Opponents argue an increase will place an undue burden on businesses, especially small businesses just coming out of the pandemic.

Many businesses have set higher minimum wages and 29 states and Washington, D.C., also have rates above the federal minimum.

On the podcast to discuss the topic are Dave Cooper, a senior economic analyst at the Economic policy Institute and an expert on the minimum wage. Also on the show is Saige Draeger, an NCSL policy expert.

Cooper, whose organization did research that informed the legislation, discussed who earns both the federal and state minimum wage and how raising it might affect public benefits and small businesses. He also talked about pros and cons of state legislators setting the minimum wage for their states. Draeger explained how states have taken action regarding the minimum wage.

Resources

• Economic Policy Institute
• Increasing the Minimum Wage, NCSL LegisBrief
• NCSL Labor and Employment Homepage
• OAS Episode 131 Transcription
• State Minimum Wages, NCSL
• Your Guide to the Ongoing Minimum Wage Debate, State Legislatures magazine