– DC has voted to raise its minimum wage, Maryland advocates are working on it, and Virginia still follows the federal wage. Every time a jurisdiction pushes for the wage hike, lawmakers are concerned about its effect on the economy. A new paper exploring the impact of increasing the minimum wage found that it may just eliminate jobs paying below the minimum. (WaPo, 2/5)
Chief among those newer papers is a large analysis of the effects of minimum-wage increases that have occurred since 1979. That paper, co-written by Arindrajit Dube of the University of Massachusetts, was recently presented at the American Economic Association’s annual conference.
Dube’s paper is more in line with conventional economic thinking: On average, minimum-wage increases eliminated jobs paying below the new minimum, but added jobs paying at or above the new minimum. The two changes effectively cancel each other out.
RACIAL EQUITY | Grace Katabaruki, director of Venture Philanthropy Partners‘ Investment Practice Group, reflects on the first session of WRAG and Leadership Greater Washington’s Expanding the Table for Racial Equity series and discusses why it’s important to foster trust and shared values when working on issues of racism and racial equity. (Daily, 2/6)
– The Community Foundation for Northern Virginia has launched the Opportunity Index for Northern Virginia, an interactive data resource for strategic philanthropic giving. (CFNOVA, 2/5)
– The Council on Foundations has released a report arguing that community foundations are essential to achieving global sustainable development goals. (PND Blog, 2/6)
ECONOMY | Maryland drivers paid more than $62 million in fines from speed camera tickets last year. (WTOP, 2/6)
CIVIC ENGAGEMENT | Prince George’s will replace most of its county elected officials this year. Will they set a good path? (GGWash, 2/5)
WRAG’s board and staff will be participating in a day-long retreat tomorrow, so the Daily will be back on Thursday.
Five athletes from our region will compete in the Winter Olympics. Check them out.