Quote:
Originally Posted by Cyclops
Some really good evidence from the Parkland Institute supporting the minimum wage hike. Lots of misconceptions thrown around in regards to who the minimum wage earners really are. Biggest demographic is single mothers.
Pretty sure the state of Minnesota raised the minimum wage with the same negativity surrounding it. Check to see how badly their economy crumpled due to the hike.
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There is an arch to minimum wage hikes. It will do good up to a certain point and then have a detrimental effect. It won't always be a good thing to have an ever increasing minimum wage just as it isn't a good thing to always shout "tax break!".
It has worked well in Minnesota. Seattle - well there seems to be vastly different opinions but the job killing seems to have been fact checked as misleading at best (completely dishonest at worst) from the more reasonable sources I remember reading. Much of the data is convoluted by including the greater metro area which did not see the hike for instance or couldn't be explicitly tied to the hike over other market factors if their was a job loss etc. The Seattle economy right now is doing quite well and the back half of last year (may have) gained many service jobs to end the year in strong positive job gain territory.