UCLA

As an important policy tool to regulate income distribution in the labor market, the minimum wage system is of great significance to whether it can effectively "raise" and "cover the bottom line". The paper first reviews relevant research, and draws the time and space changes in common prosperity, income level, and income equality, and empirically tests the impact and heterogeneity of minimum wage standards in various regions of China on common prosperity since the new era. The research results show that China’s level of common prosperity shows obvious differences between the east and the west. The minimum wage standards in various regions in China have effectively narrowed the income gap, but inhibited the improvement of income levels. From a mechanism analysis, excessively raising the minimum wage standards will gradually weaken the improvement of the income structure; the upgrading of the industrial structure has a negative impact on the minimum wage and The impact of common prosperity also has a significant moderating effect; the development of the digital economy significantly increases the positive effect of the minimum wage level on common prosperity and income levels, while inhibiting the effect of the minimum wage level on improving income gaps; the greater the proportion of poverty-stricken counties , the stronger the income distribution effect of the minimum wage. Finally, the research of this article is summarized and prospected.