JP Spinetto is a Bloomberg Opinion columnist covering Latin American business, economic affairs and politics. He was previously Bloomberg News’ managing editor for economics and government in the ...

Most European countries have a single national minimum wage. An increase in minimum wage implies shocks of different magnitudes to sectors and subnational regions. Using sectoral and regional ...

The federal government determines the federal minimum wage rate. Some states adhere to the federal guidelines, while others set their own minimum wage rates. Because of this, it can be challenging for ...

The federal and Wisconsin minimum wage has remained at $7.25 an hour since its last increase in 2009. A full-time worker earning the current minimum wage falls below the federal poverty threshold.