New Study Shows Proposed Legislation Would Eliminate over 21,000 Jobs in Georgia
Leading Economist Finds State Wage Increase Would Cost Taxpayers $164 Million Annually
Restaurant Industry Workers and Women Singled Out
A new study shows that proposed legislation to increase the minimum wage would eliminate 21,460 jobs – nearly half of which are held by women. According to data from the Census Bureau, the wages of approximately 60,562 state and local employees would be affected by a $10.10 increase in Georgia, for a combined cost to taxpayers of over $164 million annually.
“As our state’s economy begins stabilizing and adding jobs, now is not the time to prevent hiring and squeeze business owners already razor-thin bottom lines,” said Karen Bremer, executive director of the Georgia Restaurant Association. “We should focus on commonsense solutions that create jobs and promote opportunities for workers of all experience levels. Across the board wage increases will hurt those who need help the most.”
The study, authored by Dr. David Macpherson of Trinity University, outlined the negative impact on employment and local budgets due to an increase in the minimum wage – specifically the high loss of employment and the unwanted cost to taxpayers.
According to the study, while many industries would be impacted negatively if the wage were increased, three sectors would be hit the hardest: retail trade; arts, entertainment, recreation, accommodations and food services; and education services. The restaurant industry -particularly tipped workers undefined would be especially affected.
The Impact of a $10.10 Minimum Wage on Jobs and Taxpayer Costs in Georgia
June 2014 | Economic Analysis by Dr. David Macpherson, Trinity University
The full text of the Georgia study can be downloaded for your reference HERE.