This is exactly the kind of work we at Equitable Growth want to see carried out by exactly the kind of young people we ought to be financing. Very well done: Ellora Derenoncourt and Claire Montialoux: Minimum Wages and Racial Inequality: "The earnings difference between black and white workers fell dramatically in the United States in the late 1960s and early 1970s. This paper shows that the extension of the minimum wage played a critical role in this decline. The 1966 Fair Labor Standards Act extended federal minimum wage coverage to agriculture, restaurants, nursing homes, and other services which were previously uncovered and where nearly a third of black workers were employed...
#noted
