Study Reveals Workers Earn Less After Minimum Wage Hike

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Riddick
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Study Reveals Workers Earn Less After Minimum Wage Hike

Post by Riddick » 06-29-2017 08:49 PM

A substantial boost in the minimum wage in Seattle actually hurt low-wage workers by reducing hours and income, a bombshell study found — raising concerns about the impact of New York’s decision to raise its wage.

Like New York, Seattle is steadily increasing the minimum wage to $15 an hour.

The analysis, conducted by the University of Washington, said Seattle’s most recent increase to $13 per hour increased pay in low-wage jobs by 3 percent since 2014. But the change also resulted in a 9 percent reduction in hours worked, leading to an overall 6 percent pay drop — offsetting the benefits of the pay hike.

The study estimated that the typical low-wage worker in that city lost $125 a month. Analysts said the wage hike cost Seattle at least 5,000 jobs.

New York state’s minimum wage also goes to $15 by 2021. In New York City, it will reach that target on Dec. 31, 2018.

Critics said the bad news shouldn’t come as a surprise. “This is what we predicted would happen in New York,” said Zach Hutchins, a spokesman for the Business Council of New York. “That there would be fewer hours and fewer jobs around.”

He said the phased-in hikes approved by Gov. Cuomo and the Legislature last year — with the strong backing of labor unions — has led fast-food restaurants like McDonald’s to automate more jobs and reduce employment.

Michael Saltsman of the pro-business Employment Policies Institute said, “The fight for $15 is colliding with economic reality in Seattle and San Francisco, with credible reports from top-notch economists demonstrating that wage hikes do indeed cost jobs . . . in short, there are no economic rationales for pursuing an extreme wage hike — only ideological ones.”

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Re: Study Reveals Workers Earn Less After Minimum Wage Hike

Post by Doka » 07-02-2017 10:59 AM

Wonder how much that "Study" cost? The walking dead have not a clue! :confused:
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Re: Study Reveals Workers Earn Less After Minimum Wage Hike

Post by Malaria_Kidd II » 07-02-2017 04:45 PM

Health Ranger Mike Adam's Tweet seen today on his page reported that Mickey D's is closing lots of it's burger joints in this new "health nut" age. But maybe it's due to the $15 MW that's being doled out to it's maximum some day in the distant future. :?

https://twitter.com/HealthRanger/status ... 1488260096

That's a very eye opening report up there Riddick. Thanks! Herman Cain on his radio show reported the same possibilities happening some years back. :oops:

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"A gun is like a parachute. If you need one but don't have it, you'll probably never need one again!" :oops: :wink: from 'Gun Shots' on Twitter/ Check out http://malarino.com/ it's 95% Turmeric :!: :mrgreen:

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