The article introduces the Planet Money Econ Roundup, highlighting recent economic research that inspires the team. The first paper discusses the correlation between minimum wage increases and workplace injuries, showing a significant rise in injuries as employers adjust work conditions. The authors, Michael Davies, R. Jisung Park, and Anna Stansbury, assert that a 10% increase in the minimum wage can lead to an 11% increase in injury rates, parallel to heightened physical stressors in the workplace resulting from faster work paces. Such findings compel further scrutiny by the economic community.
We find that a 10% increase in the minimum wage increases the injury rate by 11% in an occupation-metro area labor market which is fully exposed to the minimum wage increase.
These workplace injuries reflect cumulative physical strain, suggesting that employers respond to minimum wage increases by intensifying the pace of work, which in turn increases injury risk.
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