LBP statement on House Bill 239
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Louisiana Needs a Higher Wage
Louisianans of all political stripes strongly favor establishing a state minimum wage of at least $8.50 an hour that would keep pace with the cost of living, according to polling data released as part of a new report from the Louisiana Budget Project.
The report by David Gray, “Louisiana Needs a Higher Wage,” also found that an $8.50 minimum wage would provide an immediate raise for 184,000 workers, create an estimated 1,400 new jobs and pump more than $187 million into Louisiana’s economy.
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Budget deal is bad news for long-term unemployed
The federal budget deal announced this week is a welcome reminder that bipartisan compromise is still possible on Capitol Hill. The agreement averts a government shutdown, undoes some of the indiscriminate “sequestration” budget cuts and continues to reduce the budget deficit.
But for those who’ve been hardest hit by the Great Recession — the 1.3 million long-term unemployed Americans who are receiving federal jobless aid — the deal amounts to a lump of coal in their Christmas stocking. That’s because congressional negotiators failed to renew federal Emergency Unemployment Compensation (EUC), even though the economic recovery remains stubbornly slow and there are still nearly three job seekers for every job opening.
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Invest in the future of Louisiana
As a friend of LBP, you’ve seen the work we produce. I hope you have a sense of LBP’s mission. Now I’m asking you to support the work of LBP by making a tax-deductible donation, that will help us to keep doing more to show, with reliable, non-partisan analysis, why Louisiana is on the wrong course – and how to fix it.
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