Do states that raise their minimum wage lose growth?

[independentusa]

https://www.npr.org/sections/thetwo...inimum-wage-see-faster-job-growth-report-says
Apparently not, although this is just one year of data. You would have to look at the next few years to really get a true picture of the results. Raising their minimum wage in one sense makes sense. When people who actually make minimum wage get more money, they spend it all. This immediately helps the local economy. It also helps increase overall wages n the area effected by the increase, also adding a positive effect to the local economy. We are a consumer driven economy and many economists have said getting money onto the hands of people who will spend it can help drive the economy. Maybe this is the reason that the trickle down theory doesn't work and hasn't worked on our country. And maybe this is the reason that those states who have increased their minimum wage are winning rather than losing.

 

[Rosie1]

Washington state recently raised it's wages. Some restaurants have been hiring more part time people. But it's already a region where high tech is booming and the housing market is through the roof. Places like Yakima are having a very hard time finding skilled orchard workers and had already raised wages (according to the Capital Press, farm paper). So, it depends on factors in individual states.

 

[independentusa]

Washington state recently raised it's wages. Some restaurants have been hiring more part time people. But it's already a region where high tech is booming and the housing market is through the roof. Places like Yakima are having a very hard time finding skilled orchard workers and had already raised wages (according to the Capital Press, farm paper). So, it depends on factors in individual states.

Did you actually read the article? I seems that all thirteen states had high job growth, not just Washington State.

 

[Rosie1]

In the article the states listed were fairly prosperous already. Isn't it unlikely that a state that isn't, would pass higher wages anyway? A lot of factors figure in: red state, blue state, etc. It's hard for some conservatives to comprehend that when everyone makes more, people spend more and so on (healthier economy).

 

[independentusa]

In the article the states listed were fairly prosperous already. Isn't it unlikely that a state that isn't, would pass higher wages anyway? A lot of factors figure in: red state, blue state, etc. It's hard for some conservatives to comprehend that when everyone makes more, people spend more and so on (healthier economy).

None fo them lost did they?

 

[ataraxia]

It's interesting to contrast that to states which cut taxes, and saw them fail.

Kansas? experiment with tax cutting failed on its own terms - Business Insider

 

[Rosie1]

Also interesting, out of the 13 states who raised wages, only Montana had a high school graduation rate in the top five. I thought there would be more of a correlation, but there was not.