To: i-node who wrote (785884 ) 5/22/2014 4:04:50 PM From: tejek Read Replies (2) | Respond to And yet for all your blarney, last year Seattle was the fastest growing city in the US:blogs.seattletimes.com >> This suggests that the relationship between a high minimum wage and job creation needn’t be inverse. If anything, it suggests that relationship is direct. I think anyone who is remotely familiar with basic inferential statistics recognizes the fallacy in thinking.A classic study of fast-food employment by former White House economic adviser Alan Krueger and Berkeley economics professor David Card demonstrated that raising the minimum wage does not lead to an appreciable decline in employment. There is likely no more heavily studied area of economics than the minimum wage. There are hundreds, probably thousands of studies since the minimum wage was adopted. Citing a single study makes no sense whatsoever.>> What critics of a higher minimum wage ignore is that, by putting more money into the pockets of the working poor — a group that necessarily spends nearly all its income on such locally provided basics as rent, food, transport and child care — an adequate minimum wage increases a community’s level of sales and thereby creates more jobs.
