Minimum Wage’s Cost in Jobs: 432 at $8.25 and 3,466 at $10.10

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Profile of minimum wage worker is NOT of a low-income, family bread-winner.

Related Links: WJAR-10 TV Story; GoLocalProv Story

As an update to prior studies of the effect of increasing the minimum wage on Rhode Island’s employment situation, the RI Center for Freedom & Prosperity estimates that proposed increases could cost the state hundreds or even thousands of jobs.

Legislation currently making its way through the General Assembly would increase the minimum wage to $8.25 per hour, from its ...

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Categories: Blog, Jobs, Recent Posts, Youth Issues

Teen Employment Sinking in the Ocean State

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Teen Employment Sinking in the Ocean State

Quick links: to download the printable PDF of this study click here.  See Media Release at end.

Related stories: Research Director Justin Katz discusses the issue on the Dan Yorke Show.

Abstract

Gainful employment is disappearing from the experience of the American teenager (ages 16 to 19), and increasing minimum wages are part of the problem. In Rhode Island, teen unemployment was 28.3% in 2011, more than double its ...

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Categories: Blog, Labor, Policy, Recent Posts, Regulatory Environment, Studies and Reports, Youth Issues

Minimum Wage Hike Will Cause Loss of 200 Teen Jobs in RI

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Watch this video by LearnLiberty.org to see how increasing the minimum wage increases unemployment among low-skilled workers

On the heels of a national report that painted a bleak employment picture for teens, the Rhode Island Center for Freedom and Prosperity issued a policy note today that shows that the Rhode Island General Assembly has made the teen jobs situation even worse in the Ocean State when it raised the state minimum wage by 35 cents to $7.75.

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Categories: Blog, Jobs, Recent Posts, Regulatory Environment, Youth Issues