Theres no evidence in the real world that an increase in the minimum wage kills jobs. In fact, the evidence is to the contrary: A higher wage attracts more people into the labor force, which gives employers greater choice of whom to hire, resulting in less turnover and more reliable employees -- thereby saving employers as much as the higher wage costs them. And it puts more money into the pockets of more people, thereby increasing total spending and creating MORE jobs. In the four years after the hike was enacted in 2006, more jobs were created in America than in any four-year period on record. When the citizens of Washington state voted in 1998 to raise the state’s minimum wage and link it to inflation, opponents said it would kill jobs. But in the subsequent 15 years, as the state’s minimum wage climbed to $9.32 (the highest state minimum in the country), jobs grew at a faster pace than they did nationally. Payrolls at Washington’s restaurants and bars expanded by 21 percent. Poverty there has trailed the U.S. level for at least seven years. Washington state is now considering a $15 minimum.
Posted on: Fri, 07 Mar 2014 06:49:21 +0000
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