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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 jbruchon on Saturday July 05 2014, @05:10PM
Assuming someone's take-home pay at minimum wage is around $6 per hour and they work 20 hours a week, $4 a week constitutes a 3.33% raise. I don't see how the executive compensation distraction is of any value in this light. On top of that, a full-timer would be seeing even less of a percentage raise. This is pointless and solves nothing.
I'm just here to listen to the latest song about butts.
(Score: 2) by BasilBrush on Saturday July 05 2014, @05:21PM
Huh? Are you saying a 3.33% rise vs nothing is irrelevant?
And how is executive compensation a distraction? They are employees too. Why argue against rises for the poor and try to sweep rises for the rich under the carpet?
Hurrah! Quoting works now!