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States That Raised Their Minimum Wages Are Experiencing Faster Job Growth

posted by janrinok on Friday July 04 2014, @03:52PM   Printer-friendly
from the happy-workers dept.

gewg_ writes:

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.

 
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  • (Score: 2) by BasilBrush on Friday July 04 2014, @10:11PM

    by BasilBrush (3994) on Friday July 04 2014, @10:11PM (#64332)

    And more importantly, in a raising economy, wages have already been bid up, because the burger flippers and waitresses can find other better paying jobs.

    Unfortunately the worst paid are invariably the last to benefit from an improving economy. Minimum wages have a direct effect on reducing poverty, whilst the free market effect is more to reward the already rich, whilst leaving the poor where they are.

    Further, a ratcheting minimum wage, when there is an economic downturn like the one we are still climbing out of, simply guarantees that more people will lose their jobs earlier, and be without jobs longer.

    So you believe, yet all the evidence is to the contrary.

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