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Study: States that raised minimum wage had stronger job growth
Posted on 7/10/14 at 5:39 pm
Posted on 7/10/14 at 5:39 pm
quote:
A recent study by the Center for Economic and Policy Research attempts to undercut the argument that raising the minimum wage kills jobs.
The study, which updates a Goldman Sachs analysis to include data from April and May, shows that the 13 states that increased their minimum wages on Jan. 1 have had stronger employment growth than the 37 states that didn’t. The study compared average employment during the first five months of 2014 with the last five months of 2013.
LINK
16
Posted on 7/10/14 at 5:40 pm to TT9
Well, surprise surprise 
Posted on 7/10/14 at 5:42 pm to TT9
quote:The Center for Economic and Policy Research (CEPR) is a progressive economic policy think-tank, founded by two leftist economists.
Center for Economic and Policy Research
Posted on 7/10/14 at 5:46 pm to TT9
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains. Still, “it does provide evidence against theoretical negative employment effects of minimum wage increases,” CEPR researcher Ben Wolcott writes.
quote:
The average change in payrolls in the 13 states that increased their minimum wages was 0.99% vs. 0.68% in the other states. On January 1, Connecticut, New Jersey, New York and Rhode Island boosted their pay floors as a result of legislation. The other nine states – Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Vermont and Washington – automatically raised their minimums by smaller amounts based on inflation.
Would be interesting to see the comparison of just CT, NJ, NY and RI versus those who didn't raise minimum wage. Probably more relevant to the argument, too.
Posted on 7/10/14 at 5:46 pm to TT9
I would honestly be interested in the methodology.
I'd like to learn of the circumstances and would be open minded.
But, I do know that stats are like bikinis. What they reveal is interesting...what they hide is VITAL.,
I'd want to know if the states that raised the wage rate were in a situation where job growth was strong, anyway.
I know that at my office, the pay rate is increasing because the demand is there, etc. So, the job-growth fueled the ability to raise pay. Not the other way around.
Again, I'd be willing to learn more about this "study". If it is simply a "survey" type (count the jobs, etc)...then it is inadequate to really get insight. There should be controls for other factors, etc.
I'd like to learn of the circumstances and would be open minded.
But, I do know that stats are like bikinis. What they reveal is interesting...what they hide is VITAL.,
I'd want to know if the states that raised the wage rate were in a situation where job growth was strong, anyway.
I know that at my office, the pay rate is increasing because the demand is there, etc. So, the job-growth fueled the ability to raise pay. Not the other way around.
Again, I'd be willing to learn more about this "study". If it is simply a "survey" type (count the jobs, etc)...then it is inadequate to really get insight. There should be controls for other factors, etc.
Posted on 7/10/14 at 5:50 pm to TT9
quote:What were the respective rates leading up to the increase?
The average change in payrolls in the 13 states that increased their minimum wages was 0.99% vs. 0.68% in the other states.
Posted on 7/10/14 at 5:52 pm to TT9
Well when you own a business you can pay people all you want.
Posted on 7/10/14 at 5:55 pm to TT9
quote:
The study compared average employment during the first five months of 2014 with the last five months of 2013.
Wow, let's blow trumpets.....this study is so representative of the state of the economy. You could of done this just by handing out phone books.
Posted on 7/10/14 at 5:57 pm to TT9
How do you min wage increase supporters feel about mandating hire wages for white children of wealthy families who have chosen to earn extra money by flipping burgers in between their summers at prep school?
Posted on 7/10/14 at 5:58 pm to TT9
Great news. Walmart will now have to take care of its employees, instead of the taxpayers doing it. 
Posted on 7/10/14 at 6:36 pm to TT9
Amazing that no academic journals have picked up this research, what with its truly impressive methods combined with its revolutionary results.
Edit: Oh.
Edit: Oh.
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains.
This post was edited on 7/10/14 at 6:40 pm
Posted on 7/10/14 at 6:41 pm to TT9
from you own link
ETA: dammit
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains.
ETA: dammit
quote:
the808bass
This post was edited on 7/10/14 at 6:43 pm
Posted on 7/10/14 at 6:50 pm to TT9
are you, and they, really so simple as not to understand that states raising minimum wage are already growing?
rooster crows
sun rises
rooster causes sun to rise
oh yeah..that's CLEARLY a cause and effect
rooster crows
sun rises
rooster causes sun to rise
quote:
The average change in payrolls in the 13 states that increased their minimum wages was 0.99% vs. 0.68% in the other states.
oh yeah..that's CLEARLY a cause and effect
Posted on 7/10/14 at 7:01 pm to TT9
quote:
The study, which updates a Goldman Sachs analysis to include data from April and May, shows that the 13 states that increased their minimum wages on Jan. 1 have had stronger employment growth than the 37 states that didn’t. The study compared average employment during the first five months of 2014 with the last five months of 2013.
Economic theory says this isn't possible! The facts must be wrong!
Econ 101. Meeeeooooo
This post was edited on 7/10/14 at 7:02 pm
Posted on 7/10/14 at 7:19 pm to TT9
So if we raise the min wage even more...say to 20-30 dollar a hour we get even better job growth and we don't even need hard work, innovation, investment etc we just have big brother raise min wage.
Awesome sauce.
The brains should have figured this out hundreds of years ago. Thanks for changing the world with your post
Awesome sauce.
The brains should have figured this out hundreds of years ago. Thanks for changing the world with your post
Posted on 7/10/14 at 7:25 pm to TT9
Do you know where I can find the study itself?
I mean, it flat out admits it's unscientific, so it's a little hard to take this as "proof" that the minimum wage doesn't hurt job growth. Yet it seems that plenty on the left in this thread accept it out of hand and plenty on the right in this thread reject it out of hand without even looking at how the study was conducted.
I mean, it flat out admits it's unscientific, so it's a little hard to take this as "proof" that the minimum wage doesn't hurt job growth. Yet it seems that plenty on the left in this thread accept it out of hand and plenty on the right in this thread reject it out of hand without even looking at how the study was conducted.
Posted on 7/10/14 at 9:30 pm to TT9
Do you believe any goverment funded study.
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