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To the best of my knowledge, the Federal Reserve has no official position in favor of or against raising the minimum wage. Claiming otherwise is speculation and
by nickbecker 7y ago
To the best of my knowledge, the Federal Reserve has no official position in favor of or against raising the minimum wage. Claiming otherwise is speculation and likely misinforming people.
Disclosure: Former researcher at the Federal Reserve Board
- theturtletalks 7y agoThey may not take an official position, but their actions do lead to wages not increasing. Here's one example: https://www.axios.com/economists-federal-reserve-wages-708b9532-537c-4738-a4e6-9fe777646ac1.html https://www.axios.com/economists-federal-reserve-wages-708b9...
- internet_user 7y agoSo whats the unofficial/off-the record/etc position then?