Minimum Wage (Page 7 )

  • The Teen Employment Crisis: The Effects of the 2007 – 2009 Federal Minimum Wage Increases on Teen Employment

    July 2010 ·  William E. Even - Miami University; David A. Macpherson - Trinity University · 

    On May 24, 2007, Congress passed legislation to increase the federal minimum wage from $5.15 to $7.25. Speaker of the House Nancy Pelosi captured the general mood in Washington when she exclaimed that “millions of hardworking Americans will be getting a raise.” The public was also supportive, with polls showing broad approval of Congress’ efforts to raise the minimum wage. This enthusiasm was not universal. Labor economists…
  • Literacy and the Entry-Level Workforce: The Role of Literacy and Policy in Labor Market Success

    June 2010 ·  William C. Wood - James Madison University · 

    The 2008–09 economic recession, our country’s worst since the Great Depression, did not impact all Americans equally. While unemployment for the nation peaked at 10.1 percent, it was considerably higher for specific demographics. For instance, adults with less than a high school diploma had a 15 percent unemployment rate, and teenage unemployment rose above 27 percent. Across the board, those who were less skilled or less experienced…
  • What’s Best At Reducing Poverty? An Examination of the Effectiveness of the 2007 Minimum Wage Increase

    March 2010 ·  John P. Formby - University of Alabama, John A. Bishop - East Carolina University, Hoseong Kim - University of Alabama · 

    On July 24th, 2009, the federal minimum was raised to $7.25 an hour. This was the last of three 70-cent increases which began in July 2007, and were mandated by the Fair Minimum Wage Act (FMWA) of 2007. In an op-ed published that same day, Secretary of Labor Hilda Solis praised the increase for helping “put between 3 million and 5 million Americans a step closer to…
  • Impact of Minimum Wage Indexing on Employment and Wages: Evidence from Oregon and Washington

    April 2009 ·  Eric Fruits, Ph.D., - Economics International Corp. · 

    Minimum wage increases are a hot-button issue in many states. On the one hand, the minimum wage is often cited as a textbook example of how price floors create surpluses in which too many workers chase too few jobs, especially among those applicants with the fewest skills. On the other hand, proponents of raising the minimum wage suggest that increases are virtually painless. Because minimum wage increases…
  • Indexing the Minimum Wage: A Vise on Entry-Level Wages

    April 2009 ·  Employment Policies Institute · 

    Policies that index the minimum wage to inflation are becoming politically popular. Whether enacted through ballot initiatives or added as provisions on traditional minimum wage proposals, advocates have stepped up their efforts in recent years to tie wage hikes to specific economic indicators, such as the Consumer Price Index (CPI). President Barack Obama’s proposals to combat poverty include mandating a $9.50 minimum wage by 2011 and indexing…
  • Minimum Wages and Poverty: Will the Obama Proposal Help the Working Poor?

    October 2008 ·  Joseph J. Sabia - University of Georgia, Richard V. Burkhauser - Cornell University · 

    As this year’s economic crisis hit everyone’s pocketbooks, some advocates called for another increase in the federal minimum wage. Existing proposals—including presidential candidate Barack Obama’s “poverty” strategy and legislation introduced by Senate leaders late last year—would enact a minimum wage of $9.50 an hour and mandate annual indexing to inflation. Even economists who support minimum wage hikes acknowledge that there is a tipping point at which the…