Study: States Raising Minimum Wage Gained Jobs
A recent study by the Center for Economic and Policy Research attempts to undercut the argument that raising the minimum wage kills jobs. The study, which updates a Goldman Sachs analysis to include data from April and May, shows that the 13 states that increased their minimum wages on Jan. 1, have had stronger employment growth than the 37 states that didn’t. Critics of minimum wage increases argue they increase business costs, forcing employers to lay off workers or hire fewer people. CEPR acknowledges that analysis is far from scientific and makes no direct link between raising the minimum wage and payroll gains.
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