|
What's it Worth: The Minimum Wage
|
Over the last four decades, workers earning the minimum wage in Massachusetts have seen a significant decline in the real value of their wages.
In What's It Worth? The Value of the Minimum Wage in Massachusetts, we find that:
- Today's minimum wage is 24% lower than it was in 1968 (adjusted for inflation).
- The gap between what minimum wage workers earn and what other workers earn has grown substantially over time--especially at the top of the income spectrum.
- Without some adjustment, the real value of the minimum wage is projected to fall below $7.00 by the end of this decade.
"What's It Worth" also includes an interactive tool that allows you to compare various options for adjusting the minimum wage--and even to design your own proposal.
READ WHAT'S IT WORTH
USE THE ONLINE TOOL TO COMPARE OPTIONS |
MassBudget provides independent research and analysis of state budget and tax policies--with particular attention to the effects on low- and moderate-income people.
|  |
|
| |
|
|
|
|
