1. B ALLOT M EASURE 3: G OOD FOR OUR W ORKERS G OOD FOR OUR E CONOMY G OOD FOR OUR S TATE Presentation prepared by Alaskans for a Fair Minimum Wage www.AlaskaNeedsARaise.org

2. What Does Ballot Measure 3 Do? Raise the Alaska minimum wage to $8.75 on January 1, 2015 and $9.75 on January 1, 2016 Restore the Cost-of-Living Adjustment (COLA) that the Alaska state legislature removed in 2003 (after passing it the year before).* Restore the guarantee that the Alaska minimum wage always remain at least $1 above the federal level. *The Cost of Living Adjustment for the minimum wage will be calculated based upon the Anchorage Consumer Price Index (CPI) and will go into effect January 1, 2017

4. C OST OF L IVING R ANK VS. M IN W AGE R ANK (1=highest)* S TATE M IN W AGE P LANNED C HANGES 10 Rhode Island$8.00($9 eff. 1-1-15) 9 Massachusetts$8.00($9 eff. 1-1-15) 8 Oregon$9.10 7 Connecticut$8.70($9.15 eff. 1-1-15) 6 California$9.00($10 eff 1-1-16) 5 New Jersey$8.25 4 Alaska$7.75 3 New York$8.00($8.75 eff 12-31-14) 2 DC$9.50($10.50 eff. 7-1-15) 1 Hawaii$7.25($7.75 eff. 1/1/15) *“Cost of Living Data Series First Quarter 2014.” Missouri Economic Research and Information Center (MERIC).

5. Job and Wage Growth 2002-2003 Avg Monthly EmploymentAvg Monthly Wage Total Non-Agro+1.5%+1.7% Total Private Sector+1.7%+1.5% Seafood production prep, packaging +5.9%+8.1% Retail Trade+.6%+3.7% Accommodation+5.6%+1.0% Food Services and Drinking Places +1.7%+4.3%

6. W HO IS A FFECTED ? 28,000 directly (make less than $9.75)* 20,000 Indirectly (make $9.75-$10.75)** Total Affected: 48,000 Alaskans – 20 & Over: 78% – Women: 57% – Have Kids: 25% *Alaska Department of Labor estimate, unpublished data **David Cooper (Economic Policy Institute) estimate.

8. WE ALL SUBSIDIZE EMPLOYERS OF LOW WAGE WORKERS ! Public Assistance for Walmart employees: – $6.2 billion (Medicaid/CHIP, Earned Income Tax Credit, Food Stamps)* Public Assistance Fast Food Workers: $3.9 Billion (Medicaid/CHIP) $1.04 Billion (Earned Income Tax Credit) $1.91 Billion (Food Stamps) $6.85 Billion** (Total) 52% of families of front-line fast food workers are enrolled in one or more public assistance program vs. 25% of the work force as a whole *Americans for Tax Fairness**UC Berkeley Labor Center

9. Earned Income Tax Credit(EITC) Great Program BUT no substitute for a fair minimum wage Cost of EITC $56 billion/year – Avg benefit to family with children: $2905/year (max for childless adults is $487/year) – $2905 / 2080 hours = +$1.40 / hour $56 billion to expand EITC = spendy proposition (paid for by tax payers rather than employers)

10. W HAT B ALLOT M EASURE 3 M EANS 49 hours per week, rather than the current 61 hours, that a single minimum wage earning parent of two must work each week just to avoid falling below the federal poverty line. That is 12 more hours per week for that parent to spend with his or her kids, take classes, or look for better employment opportunities without falling below the federal poverty line.