Thursday, August 16, 2012

MassBudget: The Minimum Wage and Job Creation

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 Massachusetts Budget and Policy Center    Democracy.
The Minimum Wage and Job Creation
In a series of recent papers, MassBudget has found 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.
  • Raising the minimum wage to $10 would increase the wages of 575,000 workers.
Our new report, The Minimum Wage and Job Creation, finds no evidence that raising the minimum wage has impeded job growth in Massachusetts. Since 1995, Massachusetts has raised the minimum wage six times. And during that period, job growth has been stronger in industries with high concentrations of minimum wage workers than in industries with low concentrations of minimum wage workers.

The Minimum Wage and Job Creation considers not only recent changes in Massachusetts, but also the experience of other New England states and the most up to date economic studies.

See our EARLIER WORK ON THE MINIMUM WAGE, including an interactive chart that lets you compare various options for adjusting the minimum wage.
The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts.

BOSTON, MA 02108
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