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re: Study: States that raised minimum wage had stronger job growth
Posted on 7/10/14 at 5:46 pm to TT9
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.
3
Posted on 7/10/14 at 5:49 pm to the808bass
quote:What were the changes in payrolls in years before in this state? Surely, to make the claim that minimum wage does not hurt growth, you have to examine each state's growth in the before and after years. Why didn't the "study" mention that?
onnecticut, New Jersey, New York and Rhode Island
Posted on 7/10/14 at 5:50 pm to the808bass
CT
12-month % change
1.1 0.2 0.7 0.5 0.4
NJ
12-month % change
0.5 0.3 0.1 0.0 0.2 (P) 0.0
NY
12-month % change
1.3 1.4 1.4 1.2 0.9 (P) 1.1
RI
12-month % change
0.7 1.3 1.8 1.3 1.3 (P) 1.6
LINK
Click the other states on the left for their data.
As we see, this is a total mixed bag. The first number is 12 month payroll growth percentage of December 2013 before the hike. It's the highest change for both Delaware and New Jersey and in spitting distance of the highest for New York. The following numbers are the 12 month changes for January 2014 and following.
12-month % change
1.1 0.2 0.7 0.5 0.4
NJ
12-month % change
0.5 0.3 0.1 0.0 0.2 (P) 0.0
NY
12-month % change
1.3 1.4 1.4 1.2 0.9 (P) 1.1
RI
12-month % change
0.7 1.3 1.8 1.3 1.3 (P) 1.6
LINK
Click the other states on the left for their data.
As we see, this is a total mixed bag. The first number is 12 month payroll growth percentage of December 2013 before the hike. It's the highest change for both Delaware and New Jersey and in spitting distance of the highest for New York. The following numbers are the 12 month changes for January 2014 and following.
This post was edited on 7/10/14 at 5:56 pm
Posted on 7/10/14 at 5:58 pm to the808bass
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains
Boom-boom
Its not scientific BUT its true cause we manipulated, opps, we studied that data real hard.
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