OCTOBER 2006 | Economists’ Statement
Hundreds of Economists Say:
Raise the Minimum Wage
Over 650 economists, including 5 Nobel prize winners and 6 past presidents of the American Economic Association, believe that increasing federal and state minimum wages, with annual cost-of-living adjustments for inflation, “can significantly improve the lives of low-income workers and their families, without the adverse effects that critics have claimed.”
read the statement here
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Read more about the need for an increased minimum wage in EPI’s Minimum Wage Issue Guide. [PDF]