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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 Tiger n Miami AU83
But, but it kills job growth. 
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 5:43 pm to TT9
quote:
But, but it kills job growth.
With all of the poor moving out of the state due to the inability to find work, the lowered crime rates attract wealthier individuals.
Posted on 7/10/14 at 5:44 pm to TT9
Course it does.
Posted on 7/10/14 at 5:46 pm to Tiger n Miami AU83
Get ready for the spin.
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 5:46 pm to Tiger n Miami AU83
Question for you two: How can you disprove that growth would not have been higher if there was no increase in minimum wage?
Posted on 7/10/14 at 5:46 pm to HailHailtoMichigan!
quote:
The Center for Economic and Policy Research (CEPR) is a progressive economic policy think-tank, founded by two leftist economists.
This.
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains.
And this.
And, third:
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.
This makes no sense. "Payroll" isn't the number of people being paid, it's the total amount being paid to employees. It's either a poorly worded article or an absolutely retarded study.
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 5:49 pm to TT9
These types of threads are not welcome here.
Give the die-hards some time. They will come up with something.
And it begins. (You are better than this, btw)
Give the die-hards some time. They will come up with something.
quote:
The Center for Economic and Policy Research (CEPR) is a progressive economic policy think-tank, founded by two leftist economists.
And it begins. (You are better than this, btw)
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 5:50 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 5:51 pm to EthanL
You expect me to let this crap go unanswered? The "study" did not include growth in the respective states in years past.
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 5:54 pm to HailHailtoMichigan!
quote:
Question for you two: How can you disprove that growth would not have been higher if there was no increase in minimum wage?
That sounds more like a question for yourself. Do some digging we are waiting
Posted on 7/10/14 at 5:55 pm to EthanL
quote:
These types of threads are not welcome here.
Of course they are.
It would be more helpful to simply post the info with a link (as the OP did) and let folks discuss it.
Almost ALL growth and knowledge come from "debate" about the issue.
If a theory has merit...it MUST stand up to challenges. Without those challenges, the theory is pretty worthless.
Yes, there will be SOME snarkiness. It happens on each "side". But, the exercise is valid and worthwhile.
I've learned a great deal on here from these types of discussions. And, unless the "learning" took place on a subject that was totally new to me, then the "learning" implies that I was either of limited exposure or simply incorrect. THAT is when the 'challenges' are useful
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.
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