Professor: Raising minimum wage should be seen in broader context

Professor David Cadden

Professor David Cadden

President Obama is scheduled to visit Connecticut on March 5 to promote an increase in the federal minimum wage.

David Cadden, professor of entrepreneurship and strategy in the School of Business at Quinnipiac University, is available to comment.

“President Obama is coming to a state where he doesn’t have to plead the case for the importance of a relatively high minimum wage,” Cadden said. “Connecticut’s minimum wage is currently one of the top five rates in the United States and that will rise to an even higher level in 2015. The president will argue for a raise in the federal minimum wage to make it more reflective of the cost of living. In 1968, for example, the federal minimum wage was $1.60 per hour, which translates to approximately $10.70 in 2013 dollars.”

More than 20 states currently have a minimum wage above the current federal standard. His proposed raise would increase it above all of the states’ minimum wage, except Washington.

“Studies can be shown that illustrate that raising the minimum wage does negatively affect employment while other studies find no statistical evidence for such an outcome,” Cadden said. “The outcome of such a raise should be seen in a broader context such as how it would affect the number of hours scheduled for employees or how would it reduce the cost of programs such as food stamps.”

To speak to Cadden, call John Morgan, associate vice president for public relations, at 203-206-4449 (cell) or 203-582-5359 (office).


Categories: Hot Topics, News, School of Business and Engineering

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>