Posted on 02/03/2019 4:29:44 PM PST by Libloather
**SNIP**
“As the minimum wage went up, we saw massive job growth, a stronger economy, and the biggest drops in unemployment in the communities where the most people, some 30 or 40 percent of workers, benefited from the increase,” Farnitano said.
Farnitano added that, rather than shutting down or downsizing, many employers had a hard time filling available positions.
“In Massachusetts, there’s places where low-wage workers can’t survive on $11 an hour,” Farnitano said, referencing 2017′s minimum wage. “So they move somewhere else, and then those businesses can’t find people to fill those jobs after.”
Christopher Carlozzi, state director for the Massachusetts branch of the National Federation of Independent Businesses, had competing arguments about the effects of a higher wage.
“Even though we’ve only done the first increase to $12 an hour, we’re already starting to see the effects,” Carlozzi said. “Directly after the new year, there was a string of restaurant closures in Boston itself [citing labor costs].
“We’re especially concerned about the areas outside Boston where you can’t charge $15 for a sandwich at lunch,” he said. “Businesses either have to raise their prices, start reducing workforce hours, or cut or not create new jobs.”
(Excerpt) Read more at pjstar.com ...
“As the minimum wage went up, we saw massive job growth, a stronger economy, and the biggest drops in unemployment in the communities where the most people, some 30 or 40 percent of workers, benefited from the increase,” Farnitano said.
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They’re being dragged along on the Trump train in spite of their idiocy, but certainly not because of it. Even the commies know it’s damaging - that’s why they spread it out over time rather than enact it at once.
You can’t judge the wisdom of the minimum wage increase until the next recession. With wages going up anyway it’s irrelevant now. But it won’t be once unemployment rises.
I am not even making $11 an hour on a non-minimum wage job.
learn to code
(In Econ, we call this a non-binding price floor...)
Being forced to raise employees’ wage is much different than raising wages on the employer’s wishes to retain some of them.
That is called free market economics. The businesses that want people will pay more, without the government telling them that they must. Minimum wage does nothing other that shift the wage distribution bell curve further up the scale. It does not not will it ever change the shape of the curve.
Raising the minimum wage and those wages tied to it is the simplest way for government to raise taxes without anyone complaining - more wages - more taxes - -
I tell people that I don’t believe the minimum wage accomplishes anything positive in the final analysis but for those who do think it works I have a question. Why not raise it to five hundred dollars an hour and make everybody rich? The fact that it is now set, at the federal level, at only $7.25 an hour should be all the proof needed that it is not there to help the poor and those who set the level do not actually believe that it helps the poor. It was $1.25 an hour back in 1963 and regardless of what some may claim that would buy more in the grocery store then than $15.00 will buy now. In this area a house that rented for sixty dollars a month in 1963 will rent for around nine hundred a month now. My mother loved ice cream and even in the LATE sixties she bought ice cream on sale regularly for $.35 a half gallon, price it now.
Else??
I'd ask ANYWHERE!!??!!
Yup. It slides the average wage higher up the percent-to-gov't scale.
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