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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (843177)	3/16/2015 5:50:13 PM
From: combjelly	1 Recommendation Recommended By bentway Read Replies (2) \| Respond to of 1574056

They think they can get away with it because well-designed studies have shown little or no increase in unemployment when the minimum wage goes up. When you take 2 states that are close together, with similar demographics and mix of industries, raise the minimum in one and not another, you see unemployment increase by maybe 0.1% or less. In this case, with a 3.9% unemployment rate, there probably won't be much of a change at all. It is like the article i-node had posted. If you click through to the article on the Seattle restaurateurs, you get a more nuanced picture. Yes, some restaurants are shutting down. But for a lot of different reasons. Undoubtedly some because of the hike in minimum wage. But more are opening than closing so it isn't as dire as those few paragraphs seem to imply. Now minimum wage increases are always phased in. No one really knows if this is needed or not, but no one wants to run that particular experiment. The point is that when theory conflicts with reality, you shouldn't ignore the reality to cling to a theory.

To: Tenchusatsu who wrote (843177)	3/16/2015 7:21:22 PM
From: PKRBKR	2 Recommendations Recommended By FJB Tenchusatsu Respond to of 1574056

From Saturday's SJ Mercury News. Data doesn’t back ‘success’ of wage hike Sociology professor Scott Myers-Lipton would have been wise to drop in on an economics class before penning his recent oped claiming that San Jose’s 2013 minimum wage increase was a clear success (Opinion, March 11). There he may have learned that the direction of broad economic indicators like the overall unemployment rate in San Jose — especially in the midst of a technology boom — doesn’t prove that minimum wage increases are harmless. Common sense and economic precedent tell us that San Jose’s less-skilled employees — such as 16- to 24-year-olds with a high school degree or less — would be most impacted by a wage hike. In fact, the unemployment rate for this group in the San Jose metro area jumped by 6 percentage points from 13.6 percent to 20 percent in 2013 — the year following the wage hike. Meanwhile, the overall unemployment rate in the same area fell by nearly 2 percentage points. Myers-Lipton can continue to pen a celebratory piece on each anniversary of the wage hike he helped passed. But that doesn’t make it a success. Michael Saltsman Research director Employment Policies Institute Washington, D.C.