# Prof. Michael Spence endorses an increase in the US minimum wage

1 Faculty News January 14, 2014 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-01-14/seven-noble-laureates-urge-increase-in-u-s-worker-minimum-wage.html) -- "Seven recipients of the Nobel Prize in Economic Sciences were among 75 economists endorsing an increase in the minimum wage for U.S. workers... Nobel Prize winners Kenneth Arrow, Peter Diamond, Eric Maskin, Thomas Schelling, Robert Solow, [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) and Joseph Stiglitz were among signatories of the letter."
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Read more](http://www.bloomberg.com/news/2014-01-14/seven-noble-laureates-urge-increase-in-u-s-worker-minimum-wage.html)