Raising the Minimum Wage: A Different Approach to the Jobs Problem

Today, roughly four million Americans earn wages at or below the federal minimum wage of $7.25 an hour. For a family of four, this wage falls beneath the poverty line. As President Obama recently stated in his State of the Union Address, in the wealthiest nation on earth, no one who works full-time should have to live in poverty. However, the problem of working people living in poverty continues to grow. Low wage jobs have made up the majority of new jobs coming out of the recession and are projected to comprise a substantial share of the jobs that will be created in the coming decade. Given that the wage floor has far-reaching effects on the economy, meaningful consideration of its impact on workers, consumer spending, income inequality and other issues is vital. This event features a successful business leader and philanthropist, a leading conservative voice, a workers’ rights advocate, and a prominent researcher discussing how raising the minimum wage could contribute to addressing our jobs challenge. This event features Ron Unz (Publisher, The American Conservative), Heidi Shierholz (Economist, Economic Policy Institute), Christine Owens (Executive Director, National Employment Law Project), Nick Hanauer (Entrepreneur and Venture Capitalist, Second Avenue Partners), and moderator Roben Farzad (Reporter, NPR). This event is part of the Working in America series, an ongoing discussion series hosted by the Aspen Institute Economic Opportunities Program that highlights an array of critical issues affecting low- and moderate-income workers in the United States and ideas for improving and expanding economic opportunities for working people. For more information, visit as.pn/workinginamerica. The Economic Opportunities Program advances strategies, policies, and ideas to help low- and moderate-income people thrive in a changing economy. We recognize that race, gender, and place intersect with and intensify the challenge of economic inequality and we address these dynamics by advancing an inclusive vision of economic justice. For over 25 years, EOP has focused on expanding individuals’ opportunities to connect to quality work, start businesses, and build economic stability that provides the freedom to pursue opportunity. Learn more at as.pn/eop.