November 13, 2015

Independent Fiscal Office: Raising State Minimum Wage Would Cost PA 31,000 Jobs

The Independent Fiscal Office published a research brief Friday saying it would cost Pennsylvania 31,000 jobs to raise the state’s minimum wage from $7.25 to $10.10 an hour in 2017, primarily teens and adult hourly wage workers.
Of those remaining 1.04 workers in Pennsylvania affected by the change, teens still with jobs would realize an average gain of 21 percent in their hourly wage, while adults would realize an average gain of roughly 12 percent.
The IFO used a Congressional Budget Office study as the basis for its report which concluded raising the minimum wage would increase the demand for goods and services and would shift income from business owners and consumers to low-wage workers.
Click Here for a copy of the report.