Minimum wage and living wage
July 19, 2004. FPI has released three reports on this subject this year including estimates of the number of workers who would benefit from an increase for each of New York’s 62 counties. Recently, some critics have charged that an increase will fail to achieve the goal of alleviating poverty among the working poor. This issue of Fiscal Policy is being released to set the record straight. Report.… (read more)
April 21, 2004. This report examines the effects of minimum wages on employment and payrolls in small businesses. The analysis makes several comparisons between states with a higher minimum wage than the federal $5.15 minimum and all other states (i.e., those states where the $5.15 federal minimum prevails). Particular attention is paid to the retail sector, since that is the industry employing the most workers at low wages. Highlights below. Full report.
The last time the federal minimum wage … (read more)
October 25, 2002. FPI Senior Economist Trudi Renwick gave this presentation at A Living Wage? Perspectives on the effect of minimum wage increases on community economic development, a forum sponsored by Dutchess County Outreach, the Eleanor Roosevelt Center at Val-kill, and Vassar College.… (read more)
June 8, 2001. The pdf version of this letter, which was sent to state senators, includes the list of signers.
We 80+ economists from throughout New York support an increase in the state minimum wage to $6.75 an hour. The Assembly has already passed a bill to this effect, and we urge you to join in this bipartisan effort to make work pay in New York State.
Increasing the minimum wage to $6.75 in 2002 and tying further increases to … (read more)