A recent study that claimed raising Colorado's minimum wage to $12 by 2020 would result in 90,000 jobs lost has been debunked. The study used a flawed model that projects outcomes inconsistent with Colorado's experience in the two years after the minimum wage increased from $5.15 to $6.85 in 2007. Rather than seeing job loss, the Colorado economy added 71,200 jobs (download data below).
The debunked study, which was commissioned by a group opposed to a wage increase, does not look at the full scope of research around minimum wage increases but instead cherry-picks data from the most negative studies. In sharp contrast, a comprehensive review of minimum wage studies by the Colorado Fiscal Institute with the Bell, the Colorado Center on Law and Policy and S.A. Wilhelm Consulting shows at or near zero effects on employment should a minimum wage increase pass in November. See the full brief for our methodology.
Next time you hear someone say a minimum wage increase will cause job loss, please share our research to correct them. Polls showed this week that the campaign to raise the minimum wage has a strong chance of winning, and we need your ongoing support. The Bell is a member of the executive committee forColorado Families for a Fair Wage.
The vast majority of minimum wage workers are adults, yet working full time at the minimum wage is not enough to support the basic cost of living in most communities in Colorado. Let's work together to give hardworking Coloradans a raise.
- Download Files:
Job charts Sept 26 2016 w sources.pptx