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

To: J_F_Shepard who wrote (860115)	5/29/2015 9:28:49 AM
From: TimF	Read Replies (2) \| Respond to of 1575535

Most of that isn't evidence but rather simply assertions or polls about opinions. The one point that provides some evidence is the review of the studies mentioned in the first point. But that's a bit cherry picked as a majority of studies and reviews show the opposite. Also I know of no study at all that finds a greater then 100% increase in minimum wage ($15 is being pushed now, earlier there was a smaller push for $21) would not negatively impact on employment. The studies that do show no negative impact look at the short run and only study the impact of small to moderate increase in the minimum wage. I've already replied to your link here Message 30076536 For more on the studies see the link I've already given you here Message 29319109 Also see Message 30039263 Then you have the anecdotal evidence for example - ----- It may be one of the first casualties of Seattle’s new minimum wage law. The owner of Z Pizza says she’s being forced to close her doors, because she can’t afford the higher labor costs. Devin Jeran was happy to get a raise, when Seattle’s minimum wage went up to $11 an hour at the beginning of the month. “I definitely recognize that having more money is important,” he says, “especially in a city as expensive as this one.” Unfortunately, he’ll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza and putting him and his 11 co-workers out of work. “Fortunately she keeps us in the loop, she didn’t just tell us last minute.” Ritu Shah Burnham doesn’t want to go out of business, but says she can’t afford the city’s mandated wage hikes. “I’ve let one person go since April 1, I’ve cut hours since April 1, I’ve taken them myself because I don’t pay myself,” she says. “I’ve also raised my prices a little bit, there’s no other way to do it.” Small businesses in the city have up to six more years to phase in the new $15 an hour minimum wage. But Shah Burnham says even though she only has one store with 12 employees, she’s considered part of the Z Pizza franchise — a large business. So she has to give raises within the next two years. q13fox.com So far its only for a fairly small number of businesses, but $15/hour is five years out for smaller businesses wo years out for larger business (and for smaller businesses that are franchises of large businesses). Also its in Seattle, a relatively high income, high wage, high cost area. The impact would be much greater with a national increase that big, not only because it would effect more people, but also because many areas are poorer, produce less per employee, and can't sustain the higher wages for low skilled entry level employees in low margin businesses.

To: J_F_Shepard who wrote (860115)	5/29/2015 9:49:34 AM
From: TimF	1 Recommendation Recommended By gamesmistress Read Replies (2) \| Respond to of 1575535

No discussion of the minimum wage is complete without reference to the famous study by economists David Card and Alan B. Krueger, showing that increases in the minimum wage result in more employment.1 What is less widely noted is the fact that Card and Krueger do not actually measure employment. They measure managers’ claims about employment changes that they had instituted or planned to institute. Therefore, no discussion of the minimum wage should be complete without reference to the study by economists David Neumark and William Wascher that attempts to replicate Card and Krueger’s results. Neumark and Wascher, publishing in the same academic journal as Card and Krueger, replicate Card and Krueger’s study but measure employment using actual payroll data. They find that employment did decline following New Jersey’s minimum wage hike.2 This is precisely what standard economic theory predicts should occur mercatus.org Also see Message 30086291