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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (932468)4/29/2016 11:21:03 AM
From: TimF  Read Replies (1) of 1578068
 
a similar experiment has already been run

No it hasn't. Federal minimum wage applies to all states.

Until 2009, the state of Kansas had a minimum wage significantly lower than the rest of the country.

Not at all true. Again the federal minimum wage applies. Both in 2009 and now much states effectively have the federal minimum wage (including some states that don't have any minimum wage law of their own at all, states that have a minimum wage equal to the federal wage, and states that have a minimum wage law that absent federal law would allow for a lower minimum wage). And many of the state that do have a higher minimum wage have one not much higher then the feds. Some states have passed laws calling for much higher minimums but I don't think any state (and relatively few local jurisdictions) have current active minimums above $10/hour.

It is true that higher minimum wages are likely to go along with higher nominal (and to a lesser extent higher real) per capita wealth and income, simply because richer places are the places where high minimum wages will be less harmful. Politicians, regulators and voters often act on mistaken ideas about economics, but they normally have enough sense that a place like Pine Bluff, AR, or McCallum TX, or Little Eagle SD are unlikely to cripple their economy with a $15/hour minimum wage. San Francisco may be able to get away with it. They can't.
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