States That Raised Minimum Wage See No Slow-Down In Job Growth
An anonymous reader writes: The U.S. Department of Labor has released data that some proponents of raising minimum wage are touting as evidence that higher minimum wage promotes job growth. While the data doesn't actually establish cause and effect, it does "run counter to a Congressional Budget Office report in February that said raising the minimum wage to $10.10 an hour, as the White House supports, would cost 500,000 jobs." The data shows that the 13 states that raised their minimum wages in January added jobs at a faster rate than those that didn't. Other factors likely contributed to this outcome, but some economists are simply relieved that the higher wage factor didn't have a dramatically negative effect in general.
So the federal government staying out of the way lets local laws be different and we can see if the changes are good or not? Then people can go to where the laws are how they like them instead of having bad ones forced on them at a federal level.
Its almost as if the whole system was set up like this so only the obvious non-controversial laws should be at the federal level and everything else should be local.
Screw that, its too hard to force your views on others in every location, they should just force eveything on a federal level without Congress so those people who don't agree with me don't get a say.
Economic activity is increased by more people having more money to spend ?
Inconceivable !
That is because the additional money goes back into the local economy and not into an offshore account.
People don't need more motivation to get jobs, they need available jobs.
Nine of the 13 states increased their minimum wages automatically in line with inflation
In other words, in most states there was no increase. The minimum wage wage boost followed the economic growth.
The data shows that the 13 states that raised their minimum wages in January added jobs at a faster rate than those that didn't
Did the study account for the fact that those states already were adding jobs faster than the other states? It appears not. Drawing conclusions without historical context is a common stupidity these days.
Have you not considered that phone support is a loss center, not a profit center? It may be that the company would lose more money on hiring more call center workers than they would get from people happy about the shorter waiting time. Human beings, even when paid fairly low salaries, are not cheap.
There are plenty of examples of unreasonably risk-adverse companies, but I don't think this is one.
I am not supporting a hand out as much as a hand up, but if a person shows up to work everyday and does the job well enough to keep it,
he or she shouldn't have to apply for assistance to enjoy the basics of survival.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
When it pays more to be unemployed, just having jobs isn't enough, you need jobs that pay a livable wage.