SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?


To: combjelly who wrote (9718)2/6/2017 2:54:51 PM
From: i-node  Read Replies (1) | Respond to of 358055
 
>> Like Seattle...
>> Or San Francisco.

You can look at locations where the economies are exceedingly strong and wages/prices are already sky-high, and a buck or two increase in MW may not make a HUGE apparent difference. But even then, there really ARE substantial differences that may be hard to see.

See the link and the chart below.

30% of businesses have or will reduce the number of employees. THAT is the most important datapoint in the chart, by a mile. 1 in 3 employees cut loose. BECAUSE of the minimum wage increase. And that is in a strong labor market.

I suppose you can argue that the survey is wrong, the participants lied, or whatever. But we know from decades of economic research that these cuts hit the poorest, least skilled (often high school), and inordinately black workers who NEED the work to learn how to become part of the workplace. The minimum wage law is overtly, inherently racist. AND IT IS NOT AN ACCIDENT:

fee.org

washington.edu