Raising minimum wage results in significant SNAP savings
From our friends at Half in Ten:
This morning CAP and UC Berkeley’s Institute for Research on Labor and Employment released a new report demonstrating that the nation stands to reap significant savings in federal spending on nutrition assistance programs by increasing the minimum wage.
Commissioned by the Center for American Progress and authored by economist Michael Reich and Rachel West, the report shows that the government stands to save $46 billion in SNAP expenditures over 10 years by raising the minimum wage to the Harkin-Miller level of $10.10, and provides expected state-by-state enrollment reductions.
- The report can be found here: http://bit.ly/1q6w7Lk
- Our interactive map with state-by-state breakouts can be found here: http://bit.ly/1oqV1Sg
- Our accompanying infographic (found here: http://bit.ly/1fH4sxu) shows how the combined net comes of four of the largest low-wage employers—Wal-Mart, McDonald’s, Yum! Brands (KFC, Taco Bell, and Pizza Hut), and Target—is five times greater than the amount of SNAP savings that would result from a minimum wage hike to $10.10. Translation: Employers could easily afford to pay their workers a better wage but instead are paying poverty wages that force families to rely on food aid.
- Half in Ten’s minimum National Toolkit on minimum wage (including talking points, sample social media and press releases, etc…) can be found here:
Our hope is that this doesn’t just provide momentum to efforts to increase the minimum wage by showing decreased federal expenditures, but boosts our collective efforts to defend SNAP by showing that the best way to realize program savings is by improving families’ bottom lines and tackling income inequality, not by kicking families struggling against hunger off of an effective program.
Below is some sample social media. I hope you’ll help us circulate the findings widely!
- $10.10 min wage = $4.6B SNAP savings annually, 3.5 million less Americans needing SNAP http://bit.ly/1q6w7Lk via @amprog #RaisetheWage #talkpoverty
- New study: Roughly 3.5 million Americans annually wouldnt need SNAP if we #RaisetheWage to $10.10 http://bit.ly/1q6w7Lk via @amprog #talkpoverty
- Infographic: Net incomes of 4 of the largest low-wage employers represent 5x SNAP savings ($4.6B) if we #RaisetheWage to $10.10 http://bit.ly/1fH4sxu
- Interactive Map: Raising the min wage would cut taxpayer costs in every state http://bit.ly/1oqV1Sg via @amprog #RaisetheWage #talkpoverty