Employment Increased The Two Dozen Times The Minimum Wage Has Been Increased Since 1938

[skews13.]

Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).

Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wage.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest

This goes against a lot of what gets written about what it does to jobs.

www.businessinsider.com

.

Seven decades of data, in fact, have found no correlation with an increase, and unemployment.

Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels - National Employment Law Project

www.nelp.org

A raise to $15 an hour, would immediately lift 40 million workers out of poverty.

Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars. On January 16, 2019, Sen. Bernie Sanders...

www.epi.org

 

[Patriotic Voter]

Raising the minimum wage from $7.25 is $15 now would not increase job opportunities because of the pandemic. Republicans are only going to accept a small increase - maybe $8.50 per hour. No matter what the Democrats say, $15 per hour is a pipe dream. Most poor and middle class Americans wish they could earn $15 per hour. That does not mean they want everyone to earn it though. For example, it does not make sense to pay a part time janitor $15 per hour,. If they want more money, they should work more hours. And who would think cleaning up messes in the building is worth being paid $15 per hour? I certainly don't. There needs to be an incentive to work full time instead of say, "I get the same amount of money in fewer hours. Yay!"

 

[Exquisitor]

Raising the minimum wage from $7.25 is $15 now would not increase job opportunities because of the pandemic. Republicans are only going to accept a small increase - maybe $8.50 per hour. No matter what the Democrats say, $15 per hour is a pipe dream. Most poor and middle class Americans wish they could earn $15 per hour. That does not mean they want everyone to earn it though. For example, it does not make sense to pay a part time janitor $15 per hour,. If they want more money, they should work more hours. And who would think cleaning up messes in the building is worth being paid $15 per hour? I certainly don't. There needs to be an incentive to work full time instead of say, "I get the same amount of money in fewer hours. Yay!"

Who has more hours?

You have to get five jobs and juggle schedules, who's got sixty hours?

If I'm making minimum I want to work sixty hours, but then I pay more in taxes.

 

[Patriotic Voter]

Who has more hours?

You have to get five jobs and juggle schedules, who's got sixty hours?

If I'm making minimum I want to work sixty hours, but then I pay more in taxes.

Did you read what I wrote? I am sure you know part time means less than forty hours, not sixty.

 

[Exquisitor]

Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).

Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wage.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest

This goes against a lot of what gets written about what it does to jobs.

www.businessinsider.com

.

Seven decades of data, in fact, have found no correlation with an increase, and unemployment.

Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels - National Employment Law Project

www.nelp.org

A raise to $15 an hour, would immediately lift 40 million workers out of poverty.

Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars. On January 16, 2019, Sen. Bernie Sanders...

www.epi.org

To the OP, exactly, just look at this Republican wall.

I hope the people remember it in 2022 and get out to vote.

 

[jnug]

Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).

Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wage.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest

This goes against a lot of what gets written about what it does to jobs.

www.businessinsider.com

.

Seven decades of data, in fact, have found no correlation with an increase, and unemployment.

Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels - National Employment Law Project

www.nelp.org

A raise to $15 an hour, would immediately lift 40 million workers out of poverty.

Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars. On January 16, 2019, Sen. Bernie Sanders...

www.epi.org

Does not stop the GOP from trotting out its tired old crap. Since they no longer have policies, no longer have a platform and are actually no longer an American Political Party they are really now stuck with pulling shit from their tired old playbook. "Roll the tape Charlie, lets see if we can find something we can use."

 

[Luther]

Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).

Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wage.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest

This goes against a lot of what gets written about what it does to jobs.

www.businessinsider.com

.

Seven decades of data, in fact, have found no correlation with an increase, and unemployment.

Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels - National Employment Law Project

www.nelp.org

A raise to $15 an hour, would immediately lift 40 million workers out of poverty.

Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars. On January 16, 2019, Sen. Bernie Sanders...

www.epi.org

In those industries most affected by the minimum wage, employment increases were even more common: 73% of the time in the retail sector,

And did they have the internet killing retail back then as well?

 

[molten_dragon]

Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).

Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wage.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest

This goes against a lot of what gets written about what it does to jobs.

www.businessinsider.com

.

Seven decades of data, in fact, have found no correlation with an increase, and unemployment.

Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels - National Employment Law Project

www.nelp.org

A raise to $15 an hour, would immediately lift 40 million workers out of poverty.

Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars. On January 16, 2019, Sen. Bernie Sanders...

www.epi.org

It's an interesting article, but I question how useful historical data is in the discussion about raising the minimum wage to $15. A $15/hr minimum wage would more than double the current minimum wage in 4 years. That pace of increase in the minimum wage is unprecedented. The closest we've come to that in the past was in the 6-year period from 1944 to 1950 when the minimum wage increased from $0.30 to $0.75. And if you adjust those numbers for inflation, that's the equivalent of going from $4.46 to $8.14 in today's dollars.

The minimum wage definitely needs to be increased. It's been stagnant for too long. But I'm not convinced it needs to be $15/hr nationwide, and I'm definitely not convinced that more than doubling the minimum wage in 4 years is a good idea.

 

[Fletch]

Then raise it to $20. Stop with the half-measures.

 

[jnug]

I like $12 myself. on't like $10, don't like $11 and a little squeamish about $15. But if you made is a choice between $11 and $15 I would swallow my squeamishness and make it $15

 

[Craig234]

Want to know how simple the lies are? Wealthy people want to pay lower wages to make more money, so they oppose the minimum wage. So, they tell lies about how it's harmful. The minimum wage causes communism. It causes unemployment. It reduces growth. It hurts your sex life. It causes acne.

Millions of Americans, when they are told propaganda that it kills jobs over and over and over, aren't economics and fall for the lies. That's all there is to it. Wealthy interests who want to make more by paying less lie.

 

[jnug]

There is one valid caution about the Federal Min Wage and it's is pretty easy to understand. It is a Federal Min Wage covering the entire country. Anybody that thinks wage rates and the Cost of Living are anything like static state across the country needs their heads examined. That is in essence why I am a bit squeamish about $15 and happy at $12. As I said earlier if you gave me only two choices, $15 or $11 I would swallow my squeamishness and choose $15. Those that do not agree that $7.25 is absurdly low simply don't even belong in the discussion IMO.

 

[jdog21]

Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).

Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wage.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest

This goes against a lot of what gets written about what it does to jobs.

www.businessinsider.com

.

Seven decades of data, in fact, have found no correlation with an increase, and unemployment.

Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels - National Employment Law Project

www.nelp.org

A raise to $15 an hour, would immediately lift 40 million workers out of poverty.

Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars. On January 16, 2019, Sen. Bernie Sanders...

www.epi.org

There was a CBO report that raising the minimum wage to $15 would only lift 1 million people out of poverty. Also in the same report it states that the increase in unemployment they figured would be about 1.3 million people.
Congressional Budget Office: $15 minimum wage would reduce poverty, increase debt - ABC7 New York (abc7ny.com)
Do you ignore reports made by the CBO? Do you only like studies that confirm your own bias?

 

[Linuxcooldude]

Want to know how simple the lies are? Wealthy people want to pay lower wages to make more money, so they oppose the minimum wage. So, they tell lies about how it's harmful. The minimum wage causes communism. It causes unemployment. It reduces growth. It hurts your sex life. It causes acne.

Millions of Americans, when they are told propaganda that it kills jobs over and over and over, aren't economics and fall for the lies. That's all there is to it. Wealthy interests who want to make more by paying less lie.

Minimum wage doesn't effect the wealthy like it does small businesses. These Corporations can absorb a higher minimum wage better than small business can. Small businesses outnumber large corporations by a big margin. We can see the effect of raising minimum wage such as in Seattle, Washington.

 

[Greenbeard]

Want to know how simple the lies are? Wealthy people want to pay lower wages to make more money, so they oppose the minimum wage. So, they tell lies about how it's harmful. The minimum wage causes communism. It causes unemployment. It reduces growth. It hurts your sex life. It causes acne.

Amazon has been pushing for a $15 minimum wage pretty aggressively, and I doubt it's for altruistic reasons.

 

[Craig234]

There was a CBO report that raising the minimum wage to $15 would only lift 1 million people out of poverty.

But it would increase income for at least 27 million Americans. The fact only 1 million would increase above poverty reinforces the need for the higher wages. (How many of the 27 million are under the poverty line?)

 

[Craig234]

Minimum wage doesn't effect the wealthy like it does small businesses. These Corporations can absorb a higher minimum wage better than small business can. Small businesses outnumber large corporations by a big margin. We can see the effect of raising minimum wage such as in Seattle, Washington.

OK, which doesn't change the need for the higher wage. Seattle is a success.

 

[jdog21]

But it would increase income for at least 27 million Americans. The fact only 1 million would increase above poverty reinforces the need for the higher wages. (How many of the 27 million are under the poverty line?)

Its only 17 million people that make less than $15/hour

 

[Craig234]

Its only 17 million people that make less than $15/hour

It's reported 27 million would receive a raise. It's possible that includes some wages above $15 going up because of the minimum wage increase. In other words, someone making $15 now with a minimum of $7.25 might get a raise when minimum becomes $15.

 

[jdog21]

It's reported 27 million would receive a raise. It's possible that includes some wages above $15 going up because of the minimum wage increase. In other words, someone making $15 now with a minimum of $7.25 might get a raise when minimum becomes $15.

17mil make 15 or less. They are estimating that maybe people that make 16 or 17 right now would also get a raise when the min increases. This never happens. Every time the min wage in California has gone up the people who where making above the min just became the min, no extras given. Sorry thats the way it is.

 

[Craig234]

17mil make 15 or less. They are estimating that maybe people that make 16 or 17 right now would also get a raise when the min increases. This never happens. Every time the min wage in California has gone up the people who where making above the min just became the min, no extras given. Sorry thats the way it is.

I disagree. You're welcome to provide credible - not right-wing propaganda - links to support your claim.

 

[poweRob]

Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).

Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wage.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest

This goes against a lot of what gets written about what it does to jobs.

www.businessinsider.com

.

Seven decades of data, in fact, have found no correlation with an increase, and unemployment.

Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels - National Employment Law Project

www.nelp.org

A raise to $15 an hour, would immediately lift 40 million workers out of poverty.

Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars. On January 16, 2019, Sen. Bernie Sanders...

www.epi.org

Yup. Who'd a thunk that increased income created increased demand that would increase employment? Well... anyone with a brain I suppose but that seems to be too much to ask from conservatives.

 

[poweRob]

Then raise it to $20. Stop with the half-measures.

I actually ****king agree with you. How odd. But of course you are probably being scarastic?