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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: 2) by buswolley on Saturday July 05 2014, @04:03PM
Wrong. Put it another way. Inflation comes when there are more dollars relative to goods. More dollars? How do businesses create more dollars by raising wages?? Do businesses have a $$$ printing press? Nope. Not inflationary, because businesses aren't money creators.
Raising minimum wage is wealth transfer to benifit the weakest and most needs in our country. Period.
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