FLORIDAS MINIMUM WAGE INCREASE HAS HAD NO NEGATIVE EFFECTS-Andrew Stelzer05/02/06
In the run up to the 2004 election, several business industry groups were lobbying hard for voters to defeat a ballot measure that would increase Floridaâ€™s minimum wage. They predicted that jobs would be lost, the cost of goods would increase, and that companies would choose to locate elsewhere rather than come to Florida. Voters overwhelmingly passed the measure, and Floridaâ€™s minimum wage was raised in April of 2005 to $6.15 an hour, and, since then has been raised to $6.40 an hour. A new analysis of the effects of the wage increase has just been released, and found that none of the negative consequences which the Florida chamber of commerce and the Florida restaurant association warned of have occurred. WMNF's Andrew Stelzer spoke with one of the authors of the study, Bruce Nissan, the director of the research institute on social and economic policy at Florida international university.
MINIMUM WAGE ANALYSIS
That was Bruce Nissan, director of the research institute on social and economic policy at Florida international university. To view the analysis of Floridaâ€™s Minimum wage, log onto www.risep-fiu.org