The Economic Experiment That Upended Reality The story of the minimum wage's unlikely rise is one of resistance and resilience, a testament to the power of collective action in challenging entrenched economic thinking.
Over the past decade, cities and states across the United States have raised their minimum wages, often in defiance of warnings from experts who claimed that such increases would lead to job losses and economic catastrophe.
The neoliberal paradigm, which has dominated economic thinking since the late 1970s, posits a trade off between equality and efficiency.