As the labor market claws back from the steep decline caused by the COVID-19 pandemic, it is more important than ever for Congress to raise the minimum wage. If the decades-long rise in economic inequality causes gains from the recovery to go almost entirely to those at the top, it risks dragging down growth. Raising the minimum wage now can not only provide long-term benefits for the hardest-hit workers and the economy, but such action can also speed the current recovery from the COVID-19 recession and make it more robust and resilient.
