Saturday, March 12, 2011

41.8% of reduction in jobs since 2006 in US due to min wage increases

Political Calculations this week takes a look at the US Federal minimum wage and job losses among those making that and below. They reason that, given the employment figures below:

2006: avg employed members of the civilian labor force: 144,427,000
2010: avg employed members of the civilian labor force: 139,064,000 (5,363,000 less)
...in percentage terms of the change in total employment level from 2006 to 2010, jobs affected by the federal minimum wage hikes of 2007, 2008 and 2009 account for 41.8% of the total reduction in jobs seen since 2006.

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