By Tomas Hellebrandt, Michael Jarand, Jacob Kirkeraard, Tyler Moran, Adam Posen, Justin Wolfers, & Jan Zilinsky. A collection of essays from economists from the Peterson Institute for International Economics, analyze the potential benefits and costs of widespread wage increase, arguing that higher wages can encourage low-paid workers to be more productive and loyal to their employers and coworkers, reducing costly job turnover and the need for supervision and training of new workers. Read more.