John Schmitt is a Senior Economist with the CEPR. He has written extensively on unemployment, economic inequality, U.S./Europe labor economic performance and the welfare state. He has worked as a consultant for the American Center for International Labor Solidarity, the Global Policy Network, the International Labor Organization, and the UN Economic Commission for Latin America. He is also a visiting lecturer at the Pompeu Fabra University in Barcelona. He holds a B.A. in International Affairs from Princeton University and an M.Sc. and Ph.D. in economics from the London School of Economics.
Articles by this author
Monday, March 26, 2012
Affording Health Care and Education on the Minimum Wage
The current value of the federal minimum wage — $7.25 per hour — is often compared to the cost of living, the average wage in the economy, or the productivity of the average worker. By all of these benchmarks, the current federal minimum is well below its historical levels .