A Dime A Day: The Impact of the Miller/Harkin Minimum Wage Proposal on the Price of Food

Policy Summary

This report explores the Miller/Harkin minimum wage proposal, a bill that would provide a 33% wage increase for regular minimum wage workers and would more than double the wages of tipped workers over the same period. Retail grocery store food prices would only increase by an average of less than half a percent over the three year phase-in of the new minimum wage, and restaurant food prices would increase by less than one percent per year. This increased cost would amount to about 10 cents more per day on average for American households over the three-year period.

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