Minimum wage facts:
This brief reviews the
extensive body of research on the impact of higher minimum wages in the U.S.
over the past twenty years and draws these key findings:
The bulk of rigorous research
examining hundreds of case studies of minimum wage increases at the state and
local levels finds that raising the minimum wage boosts incomes for low-paid
workers without reducing overall employment or job growth to any significant
degree.
Businesses are able to absorb
the cost of paying higher wages without reducing employment through a range of
channels, including savings from increased employee productivity and reductions
in employee turnover that consistently result from minimum wage increases.
Who Will Benefit from a $15 Living Wage indexed to inflation?
- 35 million workers (more than one in four)
- 30 percent of wage-earning women (which equals 19.6 million women)
- 35 percent of African American workers
- 38 percent of Hispanic workers
- 15.5 million working men
- Adults: 89 percent of affected workers are 20 years old or older
- Parents: 27.7 percent of affected workers have children
- Lower-income families: Half of affected workers have total family incomes of less than $40,000 a year
- College-educated workers: 45 percent of affected workers have at least some college experience
- Children: 17.5 million children (23 percent of all U.S. children) have at least one parent who will get a raise
Call your Elected Official and 2106 Candidates; Vote!
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