Report
Bruno Cavalier

US: consequences of a minimum hourly wage of $ 15

Wages are not a price like any other. The existence of job contracts creates downward rigidity and tends to curb upward adjustments. Is this still the case after a pandemic that has had the effect of: a) raising the reservation wage for the unemployed (the minimum to accept a job) and b) causing labour shortages, especially in sectors characterised by low-skilled and low-paid jobs? By law, the federal minimum is $ 7.25 an hour, but the $ 15 per hour standard, championed by Amazon...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Bruno Cavalier

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