Fiscal Policy Institute Minimum Wage








 

 

 

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July 23, 2009.  Federal minimum wage boost affects 123,000 New Yorkers - but only slightly. (PDF, includes charts and tables.) On July 24, an estimated 123,000 New York workers will benefit when the minimum wage rises from the state's minimum of $7.15 an hour to the new federal minimum of $7.25 an hour. The minimum wage in New York will still lag that in 13 other states and the District of Columbia. And, a full-time worker will still not earn enough to keep a family of three out of poverty. Minimum Wage Issue Guide from the Economic Policy Institute.

July 22, 2008.  Increase in minimum wage doesn't affect New Yorkers: Nearly 300,000 could be helped by state legislation. 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.

July 10, 2008.  Restoring the Purchasing Power of New York State's Minimum Wage. 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.

January 22, 2007.  New York's 2005-2007 minimum wage increases: Good for the state's workers, good for the economy.  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 out of poverty) and then indexed to the cost of living.

March 31, 2006.  States with Minimum Wages above the Federal level have had Faster Small Business and Retail Job Growth (PDF).  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.  A press release announcing the new report is available in HTML and PDF formats.

January 1, 2006.  The Effects of New York's 2005 Increase in the Minimum Wage: A Preliminary Assessment (PDF). 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 first step of this phased increase in the minimum wage indicates that the opposite happened following the January 1, 2005, increase from $5.15 an hour to $6 an hour.

November 18, 2004.  New York Workers Who Would Benefit from an Increase in the NYS Minimum Wage to $7.15 per Hour --- County by County Estimates.  (PDF)

November 18, 2004.  New York State Minimum Wage Increase:  Myth vs Reality.  (PDF)

July 19, 2004.  Setting the Record Straight: An Increase in New York's Minimum Wage Will Help Those Who Need It. (PDF)

April 21, 2004.  State Minimum Wages and Employment in Small Businesses. (Full Report in PDF.) State Minimum Wages and Employment in Small Businesses - Highlights. (HTML)

March 25, 2004.  Immigrant Workers and the Minimum Wage in New York City.  Prepared by the Fiscal Policy Institute for the New York Immigration Coalition.  Includes detailed tables on the immigrant workforce in New York City. (PDF)

January 11, 2004.  Raising the Minimum Wage in New York: Helping Working Families and Improving the State's Economy. (PDF) A comprehensive introduction to the issues surrounding the debate over increasing New York State's Minimum Wage. Revised January 20, 2004. Press release.

October 25, 2002.  An Overview of Living Wage Ordinance Initiatives.  PowerPoint presentation given by FPI Senior Economist Trudi Renwick 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.

June 26,2002. Minimum Wage Update. The purchasing power of the current $5.15 per hour minimum wage is well below that of the 1960s and 1970s.  From its peak in 1968, the purchasing power of the minimum wage has declined over 36 percent.

June 2000.  New York's Minimum Wage Opportunity.   By Tom Michl and Trudi Renwick. Economic Policy Institute Minimum Wage Issue Guide.

June 22, 2000.  State lawmakers should boost minimum wage.
A letter to the editor by Tom Michl and Trudi Renwick, Albany Times Union.

October 27, 1999.  Boost the Minimum Wage? Yes, to raise living standards.
By James A. Parrott, New York Daily News.

October 1999.  Minimum Wage Fact Sheet.

September 1999.  Why the Federal and State Governments Should Both Increase and Index Their Minimum Wages.

May 18, 1998.  1996 and 1997 Minimum Wage Hikes Boosted Earnings Without Job Loss: Low-income Families Reap Benefits as Intended.