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A stronger currency has raised the real value of Brazilians' wages, points out Alexandre Bassoli, an economist at HSBC bank.
For those in the bottom decile in each city, when all living wage laws are treated uniformly, the evidence on wages points to an elasticity with respect to the living wage of 0.04 at a lag of 12 months, which is not statistically significant at the 10% level.
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People who support higher minimum wages point to studies that show an overall economic gain; those who oppose them turn to research that suggests that it has a negative impact.
Trade unions are agitating for higher wages, pointing out that inflation seems likely to rise to at least 10-11% this year, from 8.8% last year, because of the koruna's collapse.
We find no impact of the program on employment and wages, pointing to the absence of labor demand response.
Whereas tax credits point in the direction of replacement incomes, raising the minimum wage points in the opposite direction, by making income more dependent on jobs.
The increase in the minimum wage points the way forward.
Clinton also called for raising the minimum wage, pointing out that lower-paying jobs were disproportionately held by women, and reiterated her support for paid family leave.
Proponents of a higher minimum wage point to the country's crippled economy, and argue that paying workers more would help inject cash back into the economy.
Across the capital, federal officials are waging pointed, if calculated, assaults on the billions of dollars in bonuses that banks are preparing to mete out — and, in many cases, hoping to turn the politics of pay to their advantage.
Barack Obama wants to increase the federal minimum wage, pointed out Lu, "but in the absence of congressional action, he has been supportive of states like California and New York that are raising their wages".
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