New Study Finds Raising Federal Minimum Wage Would Eliminate Hundreds of Thousands of Jobs
WASHINGTON – Today, the Employment Policies Institute (EPI) released a new study examining proposals from Representative George Miller (D-CA) and Senator Tom Harkin (D-IA) to raise the federal minimum wage to $9.80. According to EPI's analysis of recent Census data, a wage hike of this magnitude is projected to eliminate as many as 768,000 jobs for less-skilled and less-experienced employees.
EPI’s full study and executive summary are available here: http://epionline.org/
downloads/EPI_ TheImpactof980FederalMinimumWa ge.pdf
Posted: July 23, 2012
More Finance+ »