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Reforming the minimum wage: Toward a psychological perspective.

Laura Smith1

  • 1Teachers College, Columbia University.

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|September 9, 2015
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Summary

Psychologists can support raising the federal minimum wage by highlighting research on poverty

Area of Science:

  • Social Psychology
  • Health Psychology
  • Public Policy

Background:

  • Psychology has a history of informing public interest policy.
  • The federal minimum wage is a critical issue with psychological implications.
  • Poverty is linked to negative physical and emotional health outcomes.

Purpose of the Study:

  • To present the case for the psychological profession's engagement with federal minimum wage reform.
  • To explore how psychological research can inform the minimum wage debate.
  • To identify potential attitudinal barriers to inclusive policymaking.

Main Methods:

  • Review of health disparities research linking poverty and well-being.
  • Analysis of psychological scholarship on social exclusion and financial inclusion.

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  • Examination of attitudinal barriers to minimum wage policies.

    • Main Results:

    • Health disparities research demonstrates causal links between poverty and reduced well-being.
    • Psychological insights reveal benefits of financial inclusion and barriers to it.
    • Psychologists possess relevant expertise to contribute to the living wage debate.

    Conclusions:

    • Psychological research provides a strong foundation for advocating for a higher federal minimum wage.
    • Addressing social exclusion and attitudinal barriers is crucial for effective policy.
    • The psychological profession is uniquely positioned to contribute to the national living wage discussion.