Ever since the financial crisis of 2008 hammered the global economy, rising income inequality – and how to combat it – has been much on the mind of the world’s politicians and policymakers.
But long before 2008, those issues were already on the mind of Tim Gindling, who has spent the last fifteen years researching minimum wage policy impacts in Latin America, and he has recently expanded his research to look at policies in other developing countries such as China. In almost every case, he has found that there is not a simple one-to-one relationship that suggests raising minimum wages automatically reduces poverty.
Click here (and scroll down) to read full article: http://magazine.umbc.edu/umbc-magazine-winter-2016/discovery-winter-2016/