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https://www.bendbulletin.com/business/6503418-151/study-minimum-wage-increases-in-6-cities-working:
The minimum wage increases that started four years ago in Seattle are spreading across the country, but economists continue to study — and disagree about — the impact.
The latest look at increased wage floors in six U.S. cities, including Seattle, finds that food-service workers saw increases in pay and no widespread job losses. That reinforces the conclusions the same group of University of California, Berkeley, researchers reached in 2017 after studying just in Seattle.
This time, the Berkeley researchers examined Seattle; San Francisco; Oakland, California; San Jose, California; Chicago; and Washington, D.C., where minimum wages at the end of 2016 ranged from $10 to $13.
"We find that they are working just as the policymakers and voters who enacted these policies intended," said Sylvia Allegretto, co-author of the report and co-chair of Berkeley's Center on Wage and Employment Dynamics. "So far they are raising the earnings of low-wage workers without causing significant employment losses."
abstract https://www.nber.org/papers/w25043
(Score: 0) by Anonymous Coward on Thursday September 27 2018, @11:44PM (2 children)
The real reason inflation is necessary is to mask the continuing accumulation of wealth into a smaller and smaller group.
The 1% rhetoric is just another diversion, being in the top 1% is not that exceptional. The actual group is more like 0.000001%
(Score: 1) by ChrisMaple on Friday September 28 2018, @03:17AM (1 child)
0.000001% of the United States population is three people. Perhaps you could name those three.
(Score: 2) by Webweasel on Friday September 28 2018, @09:41AM
Jeff Bozos, Bill Gates and Carlos Slim?
Priyom.org Number stations, Russian Military radio. "You are a bad, bad man. Do you have any other virtues?"-Runaway1956