Federal minimum wage
A. The research topic explores the multifaceted impact of changes in the
federal minimum wage on social and economic outcomes. Specifically, it
examines two key areas:
1. Poverty and the Working Poor, Southern Economic Journal: The first
study investigates whether raising the federal minimum wage effectively
alleviates poverty among the working poor. By analyzing data from the
March Current Population Survey (CPS), the research delves into how
changes in minimum wage influence employment, wages, and household
income relative to needs, providing a detailed assessment of poverty rate
impacts. (Sabia & Burkhauser, 2010).
2. Nutrition and Consumer Behavior, Journal of Marketing Research: The
second study focuses on the relationship between increases in the federal
minimum wage and nutrition outcomes. Using data sets such as the Nielsen
Home Scan Panel and Label Insight's Open Data database, the research
evaluates how minimum wage hikes affect the quantity and nutritional
quality of calories households purchase. This analysis aims to determine if
higher wages enable households to afford more calories and encourage
healthier food choices. (Palazzolo & Pattabhiramaiah, 2021).
Together, these studies provide a comprehensive understanding of how
federal minimum wage adjustments influence the United States' economic
stability and nutritional well-being.
B. Research studies
1. Minimum Wages and Poverty: Will a
$9.50 Federal Minimum Wage Help the Working Poor?
• Southern Economic Journal
• This study relates to the federal minimum wage because it
discusses the impact of the federal minimum wage increase
from 2003 to 2007 and how/if it affects the working poor
class.
2. The Minimum Wage and Consumer Nutrition
• Journal of Marketing Research (JMR)
, • This study is related to the topic of the federal minimum
wage because it discusses the impact that raising the federal
minimum wage could have on reducing the starvation rate.
C. Analyze