Full Citation

Title: Estimating the Economic Impact of Increases in the Minimum Wage

Citation Type: Miscellaneous

Publication Year: 2019

ISBN:

ISSN:

DOI: 10.31219/OSF.IO/XDUW4

NSFID:

PMCID:

PMID:

Abstract: Florida’s latest Minimum Wage Initiative (Initiative #18-01) is highly likely to appear on November’s voting ballot. This amendment proposes raising the current minimum wage of $8.46 to $10.00 per hour beginning September 30th, 2021. Each year following the initial increase, the minimum wage would increase another $1.00 per hour until it reaches the goal of $15.00 per hour by the year 2026, which is marked by the dotted red line in Figure 1. Based on this information, the Florida Legislature has tasked AERG with a multi-stage economic analysis that involves estimating employment effects, as well as tax revenue and social services expenditures.

Url: https://ideas.repec.org/p/osf/socarx/xduw4.html

User Submitted?: No

Authors: Fenstemacher, Kory Alan; Fisher, Jared Harrison; Hadzalic, Zerina; Hillebrandt, Brenda

Publisher: Center for Open Science

Data Collections: IPUMS USA, IPUMS CPS

Topics: Labor Force and Occupational Structure, Poverty and Welfare

Countries: