Table 2. A Comparison of Three Methodologies for Estimating the Number of Workers Who Would Benefit from a Minimum Wage Increase |
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Keystone Research Center Updated |
PA Department of Labor and Industry |
Commonwealth Foundation |
|
Date of CPS data used |
|
2005 |
7/2004 to 6/2005 |
Does data used include workers with hourly earnings imputed from weekly earnings? |
Yes |
No |
Yes |
Is the change estimated in the number of workers earning $5.15 to $7.14 between the time of data collection and January 1, 2007? |
Yes – applies annual average changes between 2001 and 2004/05 to project data to 1/2007. (Method takes into account both wage inflation and increases in the size of the labor force.) |
No |
Yes – assumes annual wage inflation of 2.5 percent. (Method does not consider impact of employment growth.) |
Does the organization estimate the number of workers above the new minimum wage who receive a ripple effect bump up in wages? |
Yes –number estimated as those in the range $7.15 to $8.14 |
No |
No |