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The Center for American Progress reports:
Think a higher minimum wage is a job killer? Think again: The states that raised their minimum wages on January 1 have seen higher employment growth since then than the states that kept theirs at the same rate.
The minimum wage went up in 13 states Arizona, Connecticut, Colorado, Florida, Missouri, Montana, New Jersey, New York, Ohio, Oregon, Rhode Island, Vermont, and Washington either thanks to automatic increases in line with inflation or new legislation, as Ben Wolcott reports in his analysis at the Center for Economic and Policy Research. The average change in employment for those states over the first five months of the year as compared with the last five of 2013 is 0.99 percent, while the average for all remaining states is 0.68 percent.
Digging deeper, all but one of those states are experiencing increases in employment, and nine of them have seen growth above the median rate.
(Score: 1) by Dachannien on Friday July 04 2014, @06:21PM
It doesn't actually do that, because it's still likely that increasing the minimum wage to, say, $50 per hour would cause chaos in the economy and kill jobs until the resulting rampant inflation works itself out. But it might suggest that increasing minimum wage by a small amount per year (maybe 5-10% per year until it reaches a living wage level, and then pegged to CPI after that) wouldn't kill jobs.
(Score: 2) by naubol on Saturday July 05 2014, @02:47PM
It actually does prove false the statement, "increasing minimum wage kills jobs," because if it is possible to increase the minimum wage without killing jobs, the statement is false. A counterexample here is sufficient. We don't have to prove that it is always wrong.