The Economic Policy Institute will hold a press conference call today, February 18, 2014, at 3:00 p.m. ET, with Joseph Stiglitz (economist, Columbia University), Lawrence Katz (economist, Harvard University), Robert Greenstein (President, Center on Budget and Policy Priorities), and Heidi Shierholz (economist, EPI) to discuss the economic impacts of raising the minimum wage. They will examine how increasing the minimum wage will raise living standards for nearly 28 million workers with little or no impacts on employment.
Last month, EPI gathered signatures from over 600 economists, including seven Nobel Prize winners and eight former presidents of the American Economic Association, in a letter to the president and Congress endorsing the economic benefits of raising the minimum wage to $10.10. The letter urged lawmakers to immediately enact a three-step raise of 95 cents a year for three years—which would mean a minimum wage of $10.10 by 2016—and then index it to inflation. This increase would mean that minimum-wage workers who work full time, full year would see a raise from their current salary of roughly $15,000 to roughly $21,000 a year. What: Press call on the economic impact of raising the minimum wage Who: Columbia University economist and Nobel laureate Joseph Stiglitz Harvard University economist Lawrence Katz Center on Budget and Policy Priorities President Robert Greenstein Discussion chaired by Economic Policy Institute economist Heidi Shierholz When: Today, February 18, 2014 at 3:00 p.m. ET Call-in Number: 800-311-9402, 9796 RSVP by emailing firstname.lastname@example.org.