Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (736707)	9/2/2013 6:09:43 PM
From: Tenchusatsu	Read Replies (1) of 1577814

Inode, here is a left-wing spin on the studies: Economists disagree on whether the minimum wage kills jobs. Why? washingtonpost.com The real answer is that it all depends on a wide range of variables. Sometimes businesses cope with the higher costs of labor. Sometimes higher wages leads to more productive workers and less turnover. Sometimes the regional economy is able to shift toward industries that have higher-paying jobs. One example is San Jose. They recently raised the minimum wage from $8 to $10. Unemployment started falling, but that's more likely due to the macroeconomic environment than anything else. Everything is already freakin' expensive in Silicon Valley anyway. (Just ask Bentway, who couldn't take it.) Whether the minimum wage hike is in response or a contributing factor is up for debate. It's definitely a chicken-and-egg problem. Tenchusatsu

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