The minimum wage does it hurt workers

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Joe Biden has pledged to raise America's national minimum wage to $15 an hour. Economists traditionally believed that minimum wages actually hurt workers, but recent research has led to a rethink. • Sign up to The Economist’s newsletter to stay up to date: https://econ.st/3tgaHl5 • Find all of our finance and economics coverage: https://econ.st/3pujLQM • Why does low unemployment no longer lift inflation? https://econ.st/3j8sWEj • Why a surge in inflation looks unlikely: https://econ.st/3oHqMg7 • What the Big Mac index tells you about currency wars: https://econ.st/3as0ysH • Read our special report on the world economy: https://econ.st/3j78Qdy • Economists are turning to culture to explain wealth and poverty: https://econ.st/3oGhu3Y • What is the economic impact of the latest round of lockdowns? https://econ.st/3j77Aak • Could the pandemic cause economists to rethink welfare? https://econ.st/36AgoR7 • Why governments can borrow more than was once believed: https://econ.st/3oKO6cG • Why Joe Biden’s proposed stimulus is too big: https://econ.st/2YMyMSl • Will President Biden’s fiscal stimulus overheat the American economy? https://econ.st/36zXLfP • How quickly will America’s labour market recover? https://econ.st/3tkg5n1 • How wage gains for low earners helped to sustain America’s economic expansion: https://econ.st/3aqwBsX

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