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Minimum Wage

Our economists are examining how minimum wages might affect worker earnings, social benefits coverage, prices and, of course, employment.

The effectiveness of monetary policy depends on existing labor market conditions, which in turn depend on policies such as the minimum wage. The Minneapolis Fed has a long history of studying the effect of minimum wages on various economic outcomes, resulting in a strong body of research on this topic.

Featured Research

Minimum Wages in the Twin Cities

Study of Minneapolis and Saint Paul minimum wage increases

1 – 12 of 26

A curly-haired female cashier scanning customer's items at a grocery store
Better together: Pairing smaller minimum wage increases with tax policy to reduce inequality
Jeff Horwich | Senior Economics Writer
December 12, 2023
Article
Staff Reports
Minimum Wages and Labor Markets in the Twin Cities
Loukas Karabarbounis | Consultant Jeremy Lise | Consultant Anusha Nath | Senior Research Economist
August 2, 2023
Research
Arrows with dollar symbols pointing in opposing directions on a blue background
The dynamic age of the minimum wage
Jeff Horwich | Senior Economics Writer Lisa Camner McKay | Senior Writer, Institute
June 1, 2023
Article
Arrows with dollar symbols pointing in opposing directions on a blue background
Minimum Wage Increases: Recent Evidence and Policy Trade-Offs
Event on May 8, 2023
Event
Illustration of two people on cogs with money
Can the minimum wage combat employers’ labor market power?
Jeff Horwich | Senior Economics Writer
June 3, 2022
Article
Institute paper key images
Minimum Wages, Efficiency and Welfare
David Berger | Duke University Kyle Herkenhoff | Consultant Simon Mongey | Principal Research Economist
April 6, 2022
Research
Restaurant worker
New report on initial effects of minimum wage laws in the Twin Cities
Lisa Camner McKay | Senior Writer, Institute
November 9, 2021
Article
Illustration of workers trapped in the atrium of a building
Many jobs, few employers
Andrew Goodman-Bacon | Principal Research Economist, Institute Lisa Camner McKay | Senior Writer, Institute
September 3, 2021
Article
Krista Ruffini
Scholar Spotlight: Krista Ruffini
Alyssa Augustine | Content Strategy and Engagement Supervisor
September 14, 2020
Article
The Federal Reserve Bank of Minneapolis building and logo
A rising tide: Who’s affected by a higher minimum wage in Minneapolis?
Alyssa Augustine | Content Strategy and Engagement Supervisor
September 14, 2018
Article
Research Digest key image
Reducing inequality with the minimum wage
Lisa Camner McKay | Senior Writer, Institute
June 26, 2018
Article
Mark Wright
Interview with Mark L.J. Wright
Douglas Clement | Managing Editor (former)
March 26, 2018
Article