which implies upward-sloping labor supply curves that firms face, allowing firms to have labor market power (i.e., wage markdown). Assuming firm heterogeneity under oligopsony, markdowns can be ...

A new study estimating the impact of raising Oklahoma's minimum wage on housing security says thousands of Oklahomans would ...

especially when firms have labor market power. Our results help explain the “wageless” recovery after the 2008 financial crisis and the flattening of the wage Phillips curve, especially for the ...

aimed at keeping minimum wage on par with labor market trends. Although some states and dozens of cities have raised their minimum wages above the federal rate, 20 states still use the $7.25 baseline.

Addressing the wage-inflation gap requires a multifaceted approach. One potential solution is the strengthening of labor ...

McDonald's franchise owner details significant financial pressure and negative impact on sales after state's minimum wage ...

The Los Angeles Chamber of Commerce and city hoteliers say the measure would result in huge job losses and stifled hotel ...