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Employment Policies Institute
EPI Calls on Connecticut Legislature to Uphold Minimum Wage Veto
July 13th, 2008
Today the Employment Policies Institute (EPI) encouraged the Connecticut legislature to uphold Governor Jodi Rell's veto of HB 5015 which would increase the state's minimum wage twice over the next 18 months. New analysis of Census Bureau data by Dave Macpherson of Florida State University shows that the bill would cost the state over $25 million and an estimated 500 jobs. Worse, those who will benefit from the wage hike aren't in low-income families. The data shows the average family income of those benefiting from the hike is nearly $75,000 per year. Unfortunately, the 500 lost jobs will be concentrated on those Connecticut workers with the fewest...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-13)
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