(July 8, 2014 at 12:59 pm)Natachan Wrote: The minimum wage here in the US is about where the market would set it anyway. In the long term minimum wages don't decrease poverty, they just increase prices across the board. You could invest in education, charitable organizations, and infrastructure projects and fix the poverty problem much more effectively than artificially raising wages across the board.
That's a pipe dream.
It's also bullshit.
http://thinkprogress.org/economy/2014/07...mployment/
Quote:Think a higher minimum wage is a job killer? Think again: The states that raised their minimum wages on January 1 have seen higher employment growth since then than the states that kept theirs at the same rate.
The minimum wage went up in 13 states — Arizona, Connecticut, Colorado, Florida, Missouri, Montana, New Jersey, New York, Ohio, Oregon, Rhode Island, Vermont, and Washington — either thanks to automatic increases in line with inflation or new legislation, as Ben Wolcott reports in his analysis at the Center for Economic and Policy Research. The average change in employment for those states over the first five months of the year as compared with the last five of 2013 is .99 percent, while the average for all remaining states is .68 percent.
Digging deeper, all but one of those states are experiencing increases in employment, and nine of them have seen growth above the median rate.
FOX denies climate change, too. Change the channel.
