RELEASE: CRI - Center for Economic Policy and Analysis
RE: Raising the Delaware Minimum Wage
DATE: 6/14/19 (image source: timeequipment.com)
Senate Bill 105 is under review by the Delaware Senate Finance Committee. It would raise the State’s minimum wage from the mandated $9.25 per hour (as of October 1, 2019) to $11.00 per hour as of January 1, 2020. The minimum wage would then increase $1 per year until 2024, and thereafter be subject to a cost of living adjustment.
What does the economics research literature say?
Historically, the research literature demonstrates that a legislative increase in the minimum wage
Dear Editor: Contrary to the rhetoric coming out of Dover, Delaware’s economy is doing poorly. And the political establishment has little stomach for meaningful change. THE ECONOMY’S PERFORMANCE EMPLOYMENT: The current annual growth rate of private employment in Delaware is 0.6%, about half the nation’s rate. And 0.6% is the jobs growth rate projected by the Delaware Department of Labor through 2026 and 0.2% is the jobs growth rate projected by the Delaware Population Consortium. The bulk of the jobs being added in Delaware are in industries with lower wages and limited benefits, including restaurants, temporary help, janitorial serv...[read more]
RELEASE: CRI - Center for Economic Policy and Analysis RE: Eliminate the health care CON in Delaware DATE: 5/16/19 In 1974, Congress passed the National Health Planning and Resources Development Act, which made certain Federal funding conditional upon states implementation of Certificate of Need (CON) laws. These laws require those who wish to open new healthcare facilities, expand existing facilities, or even purchase new equipment to obtain state regulator permission. The Delaware Health Resources Board, part of the Delaware Health Care Commission, has responsibility for the CON public review process in the First State. ...[read more]
RELEASE: CRI - Center for Economic Policy and Analysis RE: Jobs and Opportunity in Delaware DATE: 5/14/19 The Rhode Island Center for Freedom and Prosperity publishes a Jobs and Opportunity Index (JOI) for all the states monthly. As of March of this year, Delaware ranks 50th among the states. Three factors comprise the JOI: job outlook, freedom, and prosperity. To identify the reason for Delaware’s last place ranking on the JOI, each factor needs to be examined. JOB OUTLOOK: This is a measure of optimism as to work opportunities in the current market. It is an indicator that people are either working o...[read more]
AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO THE STATE EMPLOYEES' PENSION PLAN AND COST OF LIVING ADJUSTMENT. Having survived a nearly $400 million deficit two years ago and with State employee and retiree healthcare benefits rising 6% to 8% per annum, Senate Bill 62 now proposes that State pensioners receive an annual cost of living adjustment in accord to the National Consumer Price Index. Looking at the latest data on the Delaware State Employees Pension Plan leads one to ask where the money for this Cost of Living Adjustment (COLA) will come from? Between FY17 and FY18 pension payments from the Plan rose 5%, net investment earnings rose 0.7%, me...[read more]