February 12, 2017

$15 Minimum Wage in the District of Columbia: A General Equilibrium Analysis of the Economic Impact

The REMI PI+ general equilibrium simulation model examined the immediate and long-term employment effects for the District of Columbia metropolitan area and found that a $15 minimum wage will gain approximately $5,100 more wages per average resident by 2021 to counteract a possible 2% drop in employment. These findings form a great starting point, but there are still numerous variables between proposal and enactment that could shift the outcomes of a $15 minimum wage in any and all directions.

District of Columbia Government – $15 Minimum Wage in D.C. [full PDF]