Estimating the Economic Impact of Increases in the Minimum Wage

Kory Alan Fenstemacher, Jared Harrison Fisher, Zerina Hadzalic and Brenda Hillebrandt

No xduw4, SocArXiv from Center for Open Science

Abstract: Florida’s latest Minimum Wage Initiative (Initiative #18-01) is highly likely to appear on November’s voting ballot. This amendment proposes raising the current minimum wage of $8.46 to $10.00 per hour beginning September 30th, 2021. Each year following the initial increase, the minimum wage would increase another $1.00 per hour until it reaches the goal of $15.00 per hour by the year 2026, which is marked by the dotted red line in Figure 1. Based on this information, the Florida Legislature has tasked AERG with a multi-stage economic analysis that involves estimating employment effects, as well as tax revenue and social services expenditures.

Date: 2019-11-15
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:xduw4

DOI: 10.31219/osf.io/xduw4

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