Arindrajit Dube Quotes
Where the minimum wage would be if it tracked the changing incomes of the top 1 percent: $22.62
Arindrajit Dube, Economist, “The Minimum We Can Do: The Rise and Fall of the Minimum Wage”, New York Times, December 1, 2013
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The reason the age rave grows faster than the median is that there are some earners at the top who increase by huge amounts while the rest of the population did not grow by much. This is the same phenomenon in England that occurred in the United States in the same period, only the United States differential was even greater.
The last 5 years of the 1990s were the last of the Clinton administration where he was the principle architect of economic policies for that period. While this statement was somewhat self serving, the economic and fiscal performance of the Clinton years were astoundingly superior to those before and after.
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This appears to be the first political use of the phrase. It would take a century for legislation in some states to mandate a living wage. Roosevelt, as a reformer was incredibly ahead of his time.
Arindrajit (Arin) Dube is a Professor of Economics at the University of Massachusetts, Amherst, known internationally for his empirical research on the effects of minimum wage policies. He is among the foremost scholars regarding the economic impact of minimum wages. In 2019, he was asked by the UK Treasury to conduct a review of the evidence on the impact of minimum wages, which informed the decision to set the level of the National Living Wage. His work is focused on the economics of the labor market, including the role of imperfect competition, institutions, norms, and behavioral factors that affect wage setting and jobs.
