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Minimum Wage Policy and the Resulting Effect on Employment

0 Comments 20 July 2015

Integrity Florida released a new report on July 20, 2015 that examines minimum wage policy in state and local governments and the effect that increases in the wage have on employment. The research report does not take a position on either side of the ongoing minimum wage debate. Rather, it seeks to add independent and unbiased context to that debate and answer the question “does increasing the minimum wage result in job loss?”

“We wanted to take an objective look at the claim made by some that an increase in the minimum wage means employers will cut jobs,” said Ben Wilcox, Research Director for Integrity Florida. “Our research found no evidence that claim is true.”

Read the full report here.

Key Findings

•    The preponderance of research finds that raising the minimum wage does not cause job loss.

•    Economists cite several reasons why increases in the minimum wage, which raise employers’ cost, generally do not cost jobs.

•    In the 25 states plus the District of Columbia where the minimum wage has increased since January 1, 2014, through recently in 2015, job growth has been higher than in states where the rate did not go up.

•    Similarly, in all of the five cities and counties where increases in the minimum wage had been in effect for more than a year, the number of jobs has grown.

•    The results of the state and city case studies do not prove that a higher minimum wage results in job growth.  But the results provide no indication that a higher minimum is associated with job losses.

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