Saturday, February 22, 2014

Most of the Benefits of a Minimum Wage Increase Would Not Go to Poor Households | NCPA

From 2003 to 2009, the federal hourly minimum wage rose in steps from $5.15 to $5.85, and then from $6.55 to $7.25. Between 2003 and 2007, 28 states increased their minimum wages to a level higher than the federal minimum. San Diego State University economics professor Joseph J. Sabia and Cornell University economics professor Richard V. Burkhauser examined the effects of these increases and reported their results in the prestigious Southern Economic Journal.1 They "find no evidence that minimum wage increases between 2003 and 2007 lowered state poverty rates."

It's an informative read and intuitively sensible.  They change these min wage things, but who sees the impact?  

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