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[DOCX File]No. 1 Constitutional Amendment, Article VI, Section 2
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Nov 03, 2020 · Each September 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on September 30th, 2026. From that point forward, future minimum wage increases shall revert to being adjusted annually for inflation …
what would happen if minimum wage increases

[DOCX File]National Minimum Wage Submission to the Low Pay …
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While the ESRI evidence suggests that the minimum wage change was associated with a 40% reduction in the number of workers earning €9.15 per hour (2016 rate) or below, it also found that there is no strong evidence to indicate that the increase in the minimum wage impacted the distribution of gross household incomes.
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[DOC File]1
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Minimum wage laws are laws that set a floor for wage rates - that is, a minimum hourly rate for any kind of labor. ... This increase in the price level will cause an increase in inflation. So, the Phillips curve will shift as inflation increases. This also implies that changes in expected inflation will affect the position of the Phillips curve
inflation vs minimum wage

[DOC File]Policy Debate: Does an increase in the minimum wage result ...
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Thus, as inflation occurs, the real value of the minimum wage declines until Congress decides to pass new legislation. (The highest real value of the minimum wage was reached in 1968.) Because of this, it is likely that the debate over the effects of the minimum wage will continue to remain a significant source of political and economic debate.
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[DOC File]Mayor Giuliani says he doesn’t support an increase in the ...
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Statewide, even with the 4 increases in the minimum wage in the 1990s, the real hourly earnings of low wage workers has fallen by 7 percent from 1989 to 1998. This compares to a 3.5 percent increase …
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[DOCX File]Home - Education Bureau
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On the right panel, the minimum wage W M is placed closer to the free-market equilibrium, leading to a much smaller unemployment. So the left panel may be too dramatic and overly exaggerating. A related argument is that minimum wage increases are often set to offset inflation so that there is little increase (if any) in real wage (Reinhardt, n.d.).
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[DOC File]Inflation and Unemployment
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Three aspects concerning minimum wage: Studies show that a 10% increase in the minimum wage increases unemployment by 1% - 3%. The poor. While there are some heads of household working in minimum wage jobs, 40% of minimum wage earners come from the families with an income in the top ½ of income distribution.
inflation and minimum wage

Inflation with minimum wage increase