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by OC Ashenfelter 1984 Cited by 2 nominal prices or wages are a useful predictor of future real wage rates, for all, the aggregate real wage is close to a random walk with a very small error
Bill 1532 establishes a series of annual minimum wage rate increases beginning July 1, 2016 through July 1, 2022. $1.25 over the standard minimum wage $1 less
New York City $17.00 $14.15 Cash Wage $2.85 Tip $14.15 Cash Wage $2.85 Tip Credit $11.35 Cash Wage $5.65 Tip. Tip Credit $10.70 Cash Wage $5.30 Tip