Study Reveals Workers Earn Less After Minimum Wage Hike

Discussion of the economy

Moderator: Super Moderators

Post Reply
User avatar
Riddick
Pirate
Posts: 15703
Joined: 11-01-2002 03:00 AM
Location: Heartland USA
Contact:

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.”

FULL STORY
A mind should not be so open that the brains fall out; however, it should not be so closed that whatever gray matter which does reside may not be reached. ART BELL

Everything Woke turns to Image
-Donald Trump Image

User avatar
Doka
Pirate
Posts: 7967
Joined: 09-02-2009 08:15 PM

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:
KARMA RULES

Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities': Voltaire

User avatar
Malaria_Kidd II
Pirate
Posts: 3853
Joined: 11-26-2015 03:51 PM
Location: SW IN USA-UK Midlands SCANIAowner @ Sound Cloud - @ Supernaturalearth
Contact:

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:

MK II :|
[*]@ #2 Find the eerie antedating of 12/7/1941 vs 9/11/01


#1 A

https://youtu.be/DUY8aSx8-yo

#1 B

🌎 🏔 🌏 🗻 🌍 🌋
https://youtu.be/ajRuvYMk30E

#2

https://www.tapatalk.com/groups/superna ... -t543.html

Post Reply

Return to “Economy”