Minimum wage and living wage

EPI updates Issue Guide on Minimum Wage

July 21, 2009. The Economic Policy Institute has released an updated Minimum Wage Issue Guide. Also see Key EPI publications and other minimum wage resources.… (read more)

Increase in federal minimum wage doesn’t affect New Yorkers, but nearly 300,000 would be helped by state legislation

July 22, 2008. Although the federal minimum wage is set to increase on July 24, New York needs state legislation to move the purchasing power of the minimum wage closer to historic levels – and to a level that can keep a family of three out of poverty. By increasing the minimum wage, New York would improve the lot of workers without disrupting the labor market. Press release, full report.… (read more)

Restoring the Purchasing Power of New York State’s Minimum Wage

July 10, 2008. A look at recent efforts to increase the minimum wage – in New York and nationally – reveals that the current minimum wage falls far short of historic levels, and cannot keep a family of three out of poverty. By increasing the minimum wage, New York would improve the lot of workers without disrupting the labor market. Report >>(read more)

What’s wrong with the CGR critique of prevailing wage requirements

February 29, 2008. In a letter to the editor of the Long Island Business News, FPI deputy director and chief economist James A. Parrott explains what’s wrong with the recent report on prevailing wage requirements by the Rochester-based Center for Governmental Research.… (read more)

New York’s 2005-2007 minimum wage increases: Good for the state’s workers, good for the economy

January 22, 2007. New York businesses, and workers, are thriving with the higher minimum wage. Minimum wage increases in New York have defied predictions that they would hurt the very low-wage workers they were designed to help. In fact, while benefiting many New Yorkers, they have not led to shrinking employment in low-wage businesses. Based on this evidence, New York’s minimum wage should be raised again (to the point that a full time worker could keep a family of three … (read more)

The Economic Development Benefits of Prevailing Wage

May 25, 2006.  A background briefing paper reviews the academic literature on the impact of prevailing wage laws.… (read more)

States with minimum wages above the federal level have had faster small business and retail job growth

March 31, 2006. This new report from the Fiscal Policy Institute shows that the diverse set of states with minimum wages above the federal $5.15 level have had faster job growth among small businesses and in the retail trade sector than states where the lower federal minimum prevailed. Press release (also below), report.

Press release Small business and retail job growth faster in states with minimum wages above the $5.15 federal level

As more and more states act to … (read more)

The Effects of New York’s 2005 Increase in the Minimum Wage: A Preliminary Assessment

January 1, 2006. On January 1, 2006, the second step of a 3-step increase in New York State’s minimum wage (from $6 an hour to $6.75 an hour) takes effect. Opponents of the minimum wage are again arguing that such an increase will hurt the very workers that it is intended to help by resulting in a reduction in the number of jobs and work hours provided by low wage  employers.  But this preliminary assessment -of the impact of the … (read more)

Low-wage New York workers deserve a raise

November 29, 2004. A letter to the editor by FPI’s senior economist, Trudi Renwick, Albany Times Union.

Your Nov. 12 editorial about the rise of poverty among working families in New York correctly pointed out that one solution to this problem would be an increase in the state’s minimum wage.

In July, both the Senate and Assembly passed a bill to increase the state’s minimum wage.

The bill, which would have established a state minimum wage of $6 per … (read more)

New York State Minimum Wage Increase: Myth vs Reality

November 18, 2004. The newest issue of Fiscal Policy Note$ debunks four myths about increases in the minimum wage.… (read more)