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Is that min. wage workers working at the min. wage, or workers within the min. wage zone? Fed. min. wage means jack all when states have their own, which is wh

• culi 3y ago
  The first study looks at federal > Increasing the federal minimum wage to $10.10 by July 1, 2015, would raise the wages of about 30 million workers, who would receive over $51 billion in additional wages over the phase-in period. > Across the phase-in period of the minimum-wage increase, GDP would increase by roughly $32.6 billion, resulting in the creation of approximately 140,000 net new jobs (and 284,000 job years) over that period. 30 million out of 156 million workers is ~19.2% of the workforce. Not nothing and not to mention the knock-on effects it'll have for workers just barely above that The second link specifically analyzes both localized and federal minimum wage increases and explicitly tackles the question "Are the Effects Bigger When More Workers are Affected?" > The pattern of results for nominal consumption growth are similar—the direct spending response is somewhat stronger than when we do not control for the share of low-wage workers across locations, and there is evidence of a small but positive differential effect in areas with a higher share of low-wage workers The third is a collection of research looking at wage increases in general, not just minimum wage (contrary to OP's comment)