Phasing in an increase of the minimum wage to $15 by 2021 would boost the incomes of 29 percent of the Massachusetts workforce. MassBudget's new report analyzes the effect of such an increase across 52 regions in the state, finding that at least 15 percent of workers in every region of Massachusetts would see their wages rise, and in some regions more than 40 percent of wage earners would benefit.
In addition to lower-income households, an increase of the hourly minimum wage to $15 would benefit many middle-income families. In some families one adult may make $30,000 a year or more while another works at a minimum wage job making $20,000. That family isn't in poverty, but when anyone in that household gets a raise, it helps the family to pay for basic necessities and provide a better life for their children.
The report finds that statewide, a $15 minimum would increase the incomes of 22 percent of working parents - and 31 percent of all children in the state would benefit.
The statewide minimum wage is currently scheduled to rise to $11 per hour in 2017, meaning a full-time worker at the minimum wage will earn $22,880 next year. MassBudget's projections for the effects of a $15 minimum wage assume the current hourly minimum wage being increased by $1 per year until 2021.
The link to the MassBudget report is HERE.
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