Unless otherwise indicated, the figures presented in this fact sheet come from David Cooper, Raising the Federal Minimum Wage to $15 by 2024 Would Lift Wages for 41 Million Workers, Economic Policy Institute, April 26, 2017, including text; Figures A, E–F, H–I, K; and Appendix Table 3.
The section on business owners and groups that have backed a $15 minimum wage draws from the following sources: “Business Owners Testify in Support of $15 at D.C. Council Hearing on Minimum Wage Hike,” Business for a Fair Minimum Wage, May 26, 2016; New York Businesses Voice Support of $15 Minimum Wage Passing Today,Business for a Fair Minimum Wage, April 1, 2016; “California Business Owners Speak Out in Support of Just-Passed Historic Minimum Wage Bill,” Business for a Fair Minimum Wage, March 31, 2016; “Taking the Fight for $15 to Annapolis,” Patriotic Millionaires, March 9, 2017; Office of the Governor of New York, “Governor Cuomo, Joined by Vice President Biden, Announces Push to Raise New York’s Minimum Wage to $15 an Hour,” September 10, 2015; Paula Katinas, “Chamber Brings Brooklyn Business Concerns to Albany,” Brooklyn Daily Eagle, March 16, 2016; Martin Austermuhle, “D.C. Takes First Step Toward $15 Minimum Wage,” WAMU 88.5, June 7, 2016; Elizabeth Henderson, “$15 Minimum: Good for Farmers,” Morning AgClips, March 22, 2016; Phil Andrews, “A $15 Minimum Wage is Good for Long Island Businesses,” The Huffington Post, March 24, 2016; Fight for $15 Impact Report: Raises for 17 Million Workers, 10 Million Going to $15, National Employment Law Project, April 2016, Table 3; “USAA Sets $16 Minimum Wage, Expands Parental Leave Benefits,” San Antonio Express-News, April 11, 2017; “Nursing Home Workers in Florida Win Minimum Wage Increase and Put Thousands on a Path to $15,” 1199SEIU United Healthcare Workers East, May 18, 2016.
1. Sylvia Allegretto and David Cooper, Twenty-Three Years and Still Waiting for Change: Why It’s Time to Give Tipped Workers the Regular Minimum Wage, Economic Policy Institute, July 10, 2014.
2. With workforces of 17.7 million, 8.6 million, and 360,000 respectively, California, New York, and the District of Columbia account for 18 percent of the U.S. workforce, which totals 142 million. David Cooper, Raising the Federal Minimum Wage to $15 by 2024 Would Lift Wages for 41 Million Workers, Economic Policy Institute, April 26, 2017.
3. Minimum Wage a Big Winner on Election Day, National Employment Law Project, November 6, 2016.
4. David Autor, Alan Manning, and Christopher L. Smith, “The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades: A Reassessment,” American Economic Journal: Applied Economics vol. 8, no. 1, January 2016.
5. Over the full eight-year phase-in period, affected workers would receive over $144 billion in additional annual wages, assuming no change in the number of work hours for these workers. See Cooper, Raising the Federal Minimum Wage.
6. Cooper, Raising the Federal Minimum Wage, Appendix Table 3. See also Laura Huizar and Tsedeye Gebreselassie, What a $15 Minimum Wage Means for Women of Color, National Employment Law Project, December 13, 2016.
7. CBO projections for the consumer price index were applied to the Economic Policy Institute’s Family Budget Calculator, which measures the income a family needs to attain a secure yet modest standard of living in 618 areas across the country.
8. Cooper, Raising the Federal Minimum Wage, Appendix Table 3; and Bureau of Labor Statistics, Occupational Employment Statistics, May 2016.
9. Bureau of Labor Statistics, Occupational Employment Statistics, May 2016.
10. John Schmittt, “CBO and the Minimum Wage, PT 2,” CEPR Blog, Center for Economic and Policy Research, February 20, 2014; Michael Reich, “The Troubling Fine Print in the Claim that Raising the Minimum Wage Will Cost Jobs,” ThinkProgress, Center for American Progress, February 19, 2014.
11. Paul J. Wolfson and Dale Belman, “15 Years of Research on U.S. Employment and the Minimum Wage,” Tuck School of Business Working Paper No. 2705499, 2016.
12. Ken Jacobs, Ian Perry, and Jenifer MacGillvary, The High Public Cost of Low Wages, University of California Berkeley, Labor Center, April 2015.
Show MoreFor the past year I have watched my younger sister struggle to support herself and her now 11 month old baby. She makes more than minimum wage. She has struggled to the point where she was evicted and now lives with me. I have also experienced struggling on low pay. When I was 18 I was kicked out of my family’s house, and I was only making $8 an hour. There were days where I had to choose between paying rent and getting my electricity shut off, just because I couldn’t work enough hours to pay all of my bills. It can be very scary to only make minimum wage and have to support yourself. There are changes that need to be made so that every person can live properly with any job. Minimum wage should be raised to at least $15…show more content…
Making more money, they will be more likely to take care of minor problems and splurge a little on entertainment. This will put money back into circulation instead of sitting in a bank. Most business owners will have no problem with the pay raises for employees because more people will be spending money in different places, including their business. A lot of people believe that spending more on employees is bad for businesses but with higher pay rates comes higher morale and better work performance. Wealth needs to be shared. A business may be started by a handful of people but it takes more to keep it going. If the people on the bottom made more, and the people on top shared what they had instead of taking more, than there would be less of a social divide. Economic status should not determine who deserves to live comfortably. Everyone deserves to have basic necessities. Living comfortably means having food, shelter, clean water, and everything it takes to survive in today’s society. Unfortunately all of these things cost money. Minimum wage being too low makes people make choices between necessities. For example, a mother may have to choose between getting her electricity shut off and feeding her children for a day if she does not have enough for both. Without electricity there would be no heat in a house during winter and if it’s below freezing that can be dangerous. The media makes poor people out to be the enemy for the economy, but this is not right.