Minimum pay (13) | ![]() |
#Job growth is faster in states that raised minimum wage The 13 states that raised their minimum wages on Jan 1 have added jobs at a faster pace than those that did not.
The Department of labor released new data that suggests that raising the minimum wage in some states might have spurred job growth,
##In a report on Friday, the 13 states that raised their minimum wages on Jan 1 have added jobs at a faster pace than those that did not.
The data run counter to a Congressional Budget Office report in February#that said raising the minimum wage to $10. 10 an hour,
Nine of the 13 states increased their minimum wages automatically in line with inflation: Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Vermont and Washington.
The state-by-state hiring data, released Friday by the Labor department, provides ammunition to the camp in favor of raising the minimum wage.
It raises serious questions about the claims that a raise in the minimum wage is a jobs disaster,
There are competing schools of thought among economists on the impact of raising the minimum wage. As#The Washington post notes:
Some studies, notably those lead by UMASS Amherst economist Arin Dube, argue that there are no adverse employment effects from small increases in the minimum wage.
America s minimum wage has long been low by international standards, equaling just 38%of the median wage in 2011,
and more Chinese graduate from university, resulting in a dwindling supply of unskilled workers, annual double-digit percentage increases in the minimum wage and rising labour unrest.
and, ranging from a higher minimum wage to stronger job protections to modifications of our tax policy. And if Piketty is right about the supermanagers,
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