Increasing the Minimum Wage PDF Download

Author: Margaret O'Brien-Strain
Publisher: Public Policy Instit. of CA
ISBN: 9781582130507
Category : Business & Economics
Languages : en
Pages : 79

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Publisher: Hoover Press
ISBN: 9780817958336
Category : Labor costs
Languages : en
Pages : 68

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This study of the minimum wage in California relies on a two part analysis: an examiniation of benefits and then one of costs.

Author: Susan Rothblatt
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 108

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Author: Alissa Anderson Garcia
Publisher:
ISBN:
Category : Cost and standard of living
Languages : en
Pages : 3

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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A Rising Minimum Wage Appears to Contribute to Rising Earnings The hourly wages of those at the bottom of the earnings distribution have risen substantially since 1996, when the first of a series of actions raised the state and federal minimum wage.1 Between 1996 and 2003, the inflation-adjusted hourly earnings of the California workers at the 10th and 20th percentiles of the earnings distribution. [...] 2 earnings distribution rose by a larger percentage (19.9 percent) than those of the worker at the 20th percentile (15.9 percent), and the earnings of the worker at the 20th percentile increased by a larger percentage than those of the worker at the median (9.9 percent). [...] However, the earnings of the worker at the 10th percentile fell by a larger percentage (9.9 percent) than those of the worker at the 20th percentile (8.4 percent), and the earnings of the worker at the 20th percentile fell by a greater percentage than those of the worker at the median (4.0 percent). [...] A rise in the minimum wage is more likely to affect the earnings of low-wage workers than it is likely to affect the wages of the worker at the middle of the earnings distribution. [...] However, the average annual increase in Retail Trade employment lagged the average annual increase in wage and salary employment.3 The Purchasing Power of California's Minimum Wage Has Declined Over Time While recent state and federal actions have partly reversed the erosion in the purchasing power of California's minimum wage, the inflation-adjusted value of the minimum wage remains 28 percent lo.

Author: Alicia Bugarin
Publisher:
ISBN:
Category : Cost and standard of living
Languages : en
Pages : 48

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Author: Jeffrey G. Woods
Publisher:
ISBN:
Category : Cost and standard of living
Languages : en
Pages : 36

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Author: David Card
Publisher: Princeton University Press
ISBN: 1400880874
Category : Business & Economics
Languages : en
Pages : 455

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From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.

Author: Lowell J. Taylor
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 38

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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California is one of 11 states with a minimum rate that is higher than the national minimum wage of $5.15 per hour.2 This report examines the impact of the minimum wage on wage and employment trends. [...] While the recent increases reversed a decline in earnings at the low end of the wage distribution, the purchasing power of the minimum wage remains below its 1981 value.3 More importantly, the rate is insufficient for either a single person or a family dependent on minimum wage earnings to achieve a modest standard of living. [...] Most of these workers re- ceived a pay raise that was directly attributable to the increased minimum wage on January 1, 2002.4 Most of the benefits of the increase in the minimum wage have gone to adults and full-time workers, and have been especially important for California's Latino and female workers. [...] Source: Department of Finance ADEQUACY OF CALIFORNIA'S MINIMUM WAGE The purchasing power of California's minimum wage has declined from $8.92 in 1968 to $6.75 today, a drop of 24.3 percent in 2002 dollars (Figure 1). [...] Moreover, research conducted for the CBP examining the impact of the 1996 and 1997 increases in the minimum wage rate found that workers who dispropor- tionately work for low wages were not harmed by minimum wage increases.12 Minimum wage critics also argue that a higher minimum wage would force certain industries that are heavily dependent on low-wage workers - particularly retail trade and servi.