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Employment Policies Institute
Raising Delaware's Minimum Wage Will Result in Job Loss for Low-Skilled Workers
July 20th, 2008
Today the Employment Policies Institute (EPI) criticized SB 204 currently before the Delaware house which would increase the state's minimum wage. The group stated that the legislature's attempt to assist low-income employees through mandated wage hikes is misguided and will result in job loss for the very people it is meant to help. Substantial economic research clearly shows that large increases in the minimum wage decreases employment, particularly for the least skilled employees in the economy. According to economist David Neumark of the University of California at Irvine, for every 10 percent increase in the minimum wage, employment for high school dropouts and...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-20)
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