Past Resources of the Week
We Can Afford a $12.00 Minimum Wage
Wednesday, January 27, 2016
- Economic Policy Institute
- Link: http://www.epi.org
This report reviews a much wider range of benchmarks in order to evaluate how high the federal minimum wage can go and still fall within our historical experience. An extensive body of research since the early 1990s has investigated the employment impacts of federal, state, and local minimum wages in a range that falls roughly between $6 and $10 per hour. That research suggests that minimum wages in this range have little or no negative effect on employment. The focus of their analysis on the proposal to gradually increase the federal minimum wage to $12.00 per hour by 2020.