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Raising New Mexico’s minimum wage will result in devastating job loss for low-skilled employees;: Research reveals Santa Fe’s living wage ordinance as cautionary tale against minimum wage hikes
February 2006 · ·
Washingon, D.C.–As New Mexico legislators debate a hike in the state’s minimum wage, the Employment Policies Institute advises lawmakers to learn from the devastating consequences of Santa Fe’s living wage ordinance which included job loss, involuntary part-time employment, and perhaps most surprisingly, no significant increase in income for those earning at the lowest 10th, 25th or 50th percentile. EPI-sponsored research from economist Aaron Yelowitz of the University… -
January Jobs Report Reveals African American Teen Unemployment Increases to Almost 7 Times the National Rate: Mandated Minimum Wage Hikes Would Exacerbate Problem
February 2006 · ·
Washington – While 193,000 new jobs were created in January and overall unemployment dropped to 4.7%, the African Americans teen unemployment rate remains shockingly high at 31.4%. Troublingly, while overall teenage unemployment saw a slight decrease from 13.4% to 13.3%, African American teen unemployment increased to 6.7 times the national rate. This bleak employment outlook threatens to become much worse as states across the nation consider mandated… -
January Jobs Report Reveals African American Teen Unemployment Increases to Almost 7 Times the National Rate: Mandated Minimum Wage Hikes Would Exacerbate Problem
February 2006 · ·
Washington – While 193,000 new jobs were created in January and overall unemployment dropped to 4.7%, the African Americans teen unemployment rate remains shockingly high at 31.4%. Troublingly, while overall teenage unemployment saw a slight decrease from 13.4% to 13.3%, African American teen unemployment increased to 6.7 times the national rate. This bleak employment outlook threatens to become much worse as states across the nation consider mandated… -
Think Raising the Minimum Wage is a Good Idea? Think Again.: Full-Page Ad in the Washington Post Asks Readers to Consider the Unintended Consequences of Minimum Wage Hikes
January 2006 · ·
Washington, DC –Today, the Employment Policies Institute [EPI] is running a full-page ad in the Washington Post asking the public to rethink the notion that minimum wage hikes are a good idea. The timing of the ad coincides with the introduction of federal legislation to hike the minimum wage by over 40 percent. The ad reads: Think Raising the Minimum Wage is a Good Idea? “The reason… -
Think Raising the Minimum Wage is a Good Idea? Think Again.: Full-Page Ad in the Washington Post Asks Readers to Consider the Unintended Consequences of Minimum Wage Hikes
January 2006 · ·
Washington, DC –Today, the Employment Policies Institute [EPI] is running a full-page ad in the Washington Post asking the public to rethink the notion that minimum wage hikes are a good idea. The timing of the ad coincides with the introduction of federal legislation to hike the minimum wage by over 40 percent. The ad reads: Think Raising the Minimum Wage is a Good Idea? “The reason… -
Senator Kennedy Ignores Economic Reality of Minimum Wage Increases,: A Federal Minimum Wage Hike Will Hurt Not Help the Poor
October 2005 · ·
Washington – While introducing his amendment to increase the federal minimum wage to $7.25 an hour, Senator Edward Kennedy (D-MA) chose to ignore the economic reality of mandated wage increases. Senator Kennedy claims that his minimum wage increase is meant to help hurricane Katrina victims, many of whom are poor minorities. He does not mention that only 8 percent of the beneficiaries from his wage increase will…