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CBO Reports 3.7 Million Jobs Will Be Destroyed By $15 Minimum Wage: Nonpartisan Report Finds Reductions in Poverty Offset By Lost Jobs
July 2019
Washington, D.C. – Today, the Employment Policies Institute (EPI) is highlighting the new Congressional Budget Office (CBO) report which estimates that up to 3.7 million jobs would be lost should a federal $15 minimum wage be enacted. The CBO’s mid-point estimate of 1.3 million jobs lost offsets the 1.3 million worker reduction in poverty, and would mean a net reduction in real family income of $9 billion by 2025.… -
Mid-Year Minimum Wage Hikes Hit As Evidence of Negative Consequences Piles Up
June 2019
22 states and localities will raise wages on July 1st Washington, D.C. – Today, The Employment Policies Institute (EPI) is highlighting the 22 minimum wage increases occurring on Monday, July 1st, 2019. These increases include two states, the District of Columbia, and 19 other localities that have the potential to cause job losses and business closures across the nation. You can view the full list of increases here or… -
New Survey: 74 Percent of Economists Oppose $15 Federal Minimum Wage: Eighty-four percent believe it will negatively affect youth employment
March 2019
WASHINGTON, D.C. — Today, the Employment Policies Institute (EPI) released a new survey conducted by Dr. Lloyd Corder of CorCom Inc., regarding labor economists’ views of a federal $15 minimum wage. The survey identified overwhelming opposition to a $15 minimum wage mandate. View the full survey here. The survey’s key findings are as follows 74 percent oppose raising the federal minimum wage to $15 an hour; 84… -
Consequences of Federal $15 Minimum Wage Outlined in New Book: Economists Estimate Up to 2 Million Jobs Would Be Lost
January 2019
WASHINGTON, D.C.– Today, the Employment Policies Institute (EPI) released, “Fighting $15? An Evaluation of the Evidence and a Case for Caution,” a nine-chapter book that examines the many consequences regarding a federally mandated $15 minimum wage. The book is accompanied by a policy briefthat highlights the book’s key takeaways. The book is complemented by EPI’s website FacesOf15.com, which tracks specific business closures following minimum wage increases. Download a copy of the full… -
New Year Brings 43 New Wage Burdens For Small Biz, Employees: 43 States and Localities will raise wages in the New Year
December 2018
Washington D.C. – Today, The Employment Policies Institute (EPI) is highlighting the 43 minimum wage increases set to take place on either December 31st or January 1st. These increases include 20 states and 23 localities that will pose a threat to job opportunities and businesses across the nation. You can view the full list of increase in the below table. California, in particular, has a state wide minimum wage increase to $12 along… -
Mid-Year Minimum Wage Hikes Strike Again: 18 States and Localities will raise wages on July 1st
June 2018
Washington D.C. – Today, The Employment Policies Institute (EPI) is highlighting the 18 minimum wage increases set to take place on July 1, 2018. These increases include two states, the District of Columbia, and 15 other localities that will pose a threat to job opportunities and businesses across the nation. You can view the full list of increase in the below table. California alone has ten increases. EPI…