EPI Research (Page 6)

  • Is There an Economic Consensus in Favor of Wage Mandates?

    January 2011

    In debates over whether to raise the minimum wage, proponents often try to boost their credibility by referencing a group of 15 prominent economists who support a minimum wage increase, as well as approximately 650 additional economists in agreement. This list, first compiled and released by the Economic Policy Institute (a labor-backed organization), is still cited frequently to counter the claims of labor economists who[…]
  • Failed Stimulus: Minimum Wage Increases and Their Failure to Boost Gross Domestic Product

    December 2010 Dr. Joseph Sabia

    A comprehensive review of two decades of economic research on the minimum wage by economists David Neumark (University of California—Irvine) and William Wascher (Federal Reserve Board) concludes that increases in the minimum wage reduce job opportunities for the least-skilled workers. As a consequence of this inconvenient truth, advocates of a higher minimum wage have increasingly leaned on alternate arguments to make the case for additional employer […]
  • The Erosion of the Entry-Level Job Market: Minimum Wage Increases and their Impact on Minimum Wage Workers

    August 2010

    Economic research has extensively documented that teen jobs are lost as an unintended consequence of a higher minimum wage. When labor costs increase due to a wage hike, employers who have to pay this new higher wage to train low-skilled, minimum wage workers find a way to do more with less. That might mean reductions in customer service or an increased reliance on automation. But not[…]
  • The Teen Employment Crisis: The Effects of the 2007 – 2009 Federal Minimum Wage Increases on Teen Employment

    July 2010

    On May 24, 2007, Congress passed legislation to increase the federal minimum wage from $5.15 to $7.25. Speaker of the House Nancy Pelosi captured the general mood in Washington when she exclaimed that “millions of hardworking Americans will be getting a raise.” The public was also supportive, with polls showing broad approval of Congress’ efforts to raise the minimum wage. This enthusiasm was not universal. Labor[…]
  • Literacy and the Entry-Level Workforce: The Role of Literacy and Policy in Labor Market Success

    June 2010

    The 2008–09 economic recession, our country’s worst since the Great Depression, did not impact all Americans equally. While unemployment for the nation peaked at 10.1 percent, it was considerably higher for specific demographics. For instance, adults with less than a high school diploma had a 15 percent unemployment rate, and teenage unemployment rose above 27 percent. Across the board, those who were less skilled or[…]