Minimum Wage Hikes Don’t Just Raise Pay—They Can Make Jobs Better, New Research Says

The federal minimum wage in America is $7.25 per hour, unchanged since 2009. Patrick T. Fallon / Getty Images Close Key Takeaways Raising the minimum wage can increase the number of "good jobs†in the labor market, according to a new analysis from the National Bureau of Economic Research (NBER). "Good jobs" are defined as those "that provide a middle-class living standard, a sufficiently high wage, good benefits, reasonable levels of personal autonomy, adequate economic security, and career ladders." NBER re ...