Raising the minimum wage actually increases racial disparities

“Proposals for increasing the minimum wage continue to come at a fast and furious pace. California recently legislated minimum wage increases to $20 in fast-food restaurants and $25 in health care. Washington State is considering a $25 minimum wage. And, not to be outdone, mayoral candidate Zohran Mamdani is advocating for a $30 minimum wage for New York City.

One key argument that advocates for higher minimum wages make is that they reduce racial disparities in earnings by helping lower-paid Black Americans. However, new research suggests that precisely the opposite happens — higher minimum wages reduce job opportunities for Blacks and increase racial disparities.”

Read in full: https://thehill.com/opinion/finance/5497133-raising-the-minimum-wage-actually-increases-racial-disparities/