On Thursday, April 30th at 11 a.m. Eastern, the Economic Policy Institute will hold a press call to release new research that shows raising the minimum wage to $12 by 2020—as proposed by Sen. Patty Murray and Rep. Robert “Bobby” Scott—is achievable, economically sustainable, and stands within our historical experience. EPI President Lawrence Mishel and economic analyst David Cooper, and Center for Economic and Policy Research (CEPR) economist John Schmitt will discuss the findings in their latest paper, The Economy Can Afford a $12 Minimum Wage in 2020.
An increase to $12.00 by 2020 would roughly return the purchasing power of the minimum wage, and its value relative to average wages, to levels reached at its peak in 1968. This increase will be an easier lift for the economy than it was in 1968, due to increases in worker productivity and education levels, along with recent wage increases in regions that have historically paid lower-than-national wages.
What: Media teleconference to discuss new EPI paper, The Economy Can Afford a $12 Minimum Wage in 2020
Who: Lawrence Mishel, President, EPI
David Cooper, economic analyst, EPI
John Schmitt, economist, CEPR
When: Thursday, April 30th
11:00 a.m. Eastern
Call-in number: 800-311-9402
Passcode: 9796
To RSVP and receive an embargoed copy of the paper, please email news@epi.org.