
Minimum Wage | |
The Unemployment Effects Of A Minimum Wage Hike |
The U.S. Senate has already passed a minimum wage amendment to the bankruptcy reform bill (S.625) that would raise the minimum wage by $1 over three years to $6.15 per hour. Employment Policy Foundation analysts say increasing the minimum wage will be an additional barrier to work for the over 40 percent of workers in the lowest income quintile who report no work in the preceding year.
President Clinton has threatened to veto the Senate minimum wage measure, backing instead Democratic proposals for a minimum wage increase of $1 over 13 months. Meanwhile, the House appears temporarily stymied by three non-majority factions, each with differing views concerning minimum wage legislation. Source: Jill Jenkins, "Minimum Wages: Many Poor Are Not Winners," Fact & Fallacy, January 12, 2000, Employment Policy Foundation, 1015 15th Street, N.W., Suite 1200, Washington D.C. 20005, (202) 789-8685.
For more on Employment Effects http://www.ncpa.org/hotlines/min/employ.html |
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