Search results
Labor Market Efects of Minimum Wage Increase in Minneapolis and St. Paul. imum wage policies implemented by the cities of Minneapolis and St. Pau. .The investigators focused their analysis on results from 2018 and 2019. The report also provides data from 2020, but given the unprecedented events of the year, additional analysis is needed to ...
Nov 9, 2020 · Total compensation costs for private industry workers increased 1.6 percent in the Minneapolis-St. Paul, MN-WI, metropolitan area for the year ended September 2020.
- Some Wage Gains But Limited Impact on Earnings in Minneapolis
- Restaurant Job Losses in Minneapolis
- Anticipation Effects in St. Paul
- Constructing A Counterfactual
- Detailed Data Enhance Analysis
- Next Steps
Principal investigators Loukas Karabarbounis, Jeremy Lise, and Anusha Nathfocus their analysis on five sectors in which a significant share of Minneapolis and St. Paul workers—at least 30 percent—earn below the $15/hour target, as those are the sectors most likely to be impacted by the minimum wage law. See Figure 2 for more information about these...
At the request of the city, the investigators also looked specifically at the economic impacts on full-service and limited-service restaurants, which are part of the accommodation and food services sector. At limited-service restaurants (establishments where food is ordered at the counter, such as McDonald’s), a full 80 percent of employees were ea...
St. Paul’s minimum wage law took effect only a couple of months before the pandemic began, making it difficult to isolate the minimum wage’s impact in this highly unusual time. Instead, the investigators analyze economic outcomes between the first quarter of 2018 and the last quarter of 2019, prior to the implementation of the new law. Minneapolis ...
The main challenge in all empirical evaluations of a new policy—a minimum wage, rent control, a new sales tax—is that it depends on a counterfactual that is impossible to observe: What would have happened in this place, at this time in the absence of this policy? In order to identify the effects of a policy, then, researchers attempt to identify a ...
This minimum wage evaluation was facilitated by access to detailed administrative data from Minnesota’s Department of Employment and Economic Development (DEED). These data provide quarterly earnings and hours worked for each employee of businesses that file unemployment insurance wage detail reports with the state. Previous analyses of minimum wag...
Importantly, the analysis in this initial report looks at averages and aggregatesto paint a picture of the economic impact of the minimum wage ordinance on sectors and on the economy as a whole. The analysis does not yet tell us about the welfare of specific employees or employers, and it’s likely that in both groups there are some who benefited an...
The employment drop from March to April 2020 was the largest monthly decline in employment on record for the Minneapolis Saint Paul region and over 230,000 jobs disappeared. While the hardest hit industries were those directly impacted by stay-at-home orders (arts, entertainment, recreation, accommodations, and food services), nearly all industry sectors experienced employment declines.
Aug 7, 2024 · Job growth in Minnesota under Walz has not kept up with the U.S. pace, especially after the COVID-19 job losses in early 2020, according to the Bureau of Labor Statistics. Total nonfarm payrolls ...
Since January 2021, nonfarm private sector wages in Minnesota posted an average OTY growth of 3.9%, while the CPI's average growth has increased to 5.4% in the Minneapolis-St. Paul area (5.5% nationally). While the current trend is growth in prices to outpace growth in wages, the larger picture is more complex.
People also ask
How has Minnesota's job growth compared to the US?
Are nonfarm private sector wages growing in Minnesota?
How does inflation affect Minnesota's economy?
What happened to Minnesota's unemployment rate in 2022?
Does wage growth increase over the year?
Are restaurants sensitive to labor costs?
May 7, 2021 · Compensation costs for private industry workers increased 2.1 percent in the Minneapolis-St. Paul, MN-WI Combined Statistical Area (CSA) for the year ended March 2021, the U.S. Bureau of Labor Statistics reported today.
