THE MINIMUM WAGE: INCREASING THE REWARD FOR WORK

From: Regulatory Intelligence Data | Date: March 8, 2000| Author: | Copyright information

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A Report by the National Economic Council with the Assistance of the Council of Economic Advisers and the Office of the Chief Economist, U.S. Department of Labor

EXECUTIVE SUMMARY

- Raising the Minimum Wage by $1 to $6.15 an Hour Would Potentially Benefit More than 10 Million American Workers -- Most of Whom are Adult Workers. An analysis of labor market data shows that in 1999, 10.1 million hourly paid workers made between $5.15 and $6.14 an hour, and thus would potentially benefit from a $1 increase in the minimum wage. About 69 ...

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