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Data Shows Unemployment Down, Growth Robust After San Jose Adopts $10 Min Wage
Posted on 11/4/14 at 10:24 am
Posted on 11/4/14 at 10:24 am
quote:
Two years ago, the Silicon Valley Chamber of Commerce claimed if San Jose's minimum wage went up to $10 an hour, the city would lose 2,800 jobs. But the numbers are in after voters approved the minimum wage increase, and they tell a much different story.
LINK
Is this just anecdotal? Is raising minimum wage still a bad idea?
6
Posted on 11/4/14 at 10:26 am to hikingfan
quote:
Is this just anecdotal?
yeah. Tech is booming and driving unemployment down. I bet they can't even fill those spots for $10.
Posted on 11/4/14 at 10:27 am to hikingfan
It's very anectodal
San Jose already has high wages and a high cost of living due to the tech sector. Most places were probably already paying around that.
The problem is forcing a statewide or nationwide minimum wage hike to where certain locations can not afford to take the increase hit. Places like San Jose can
San Jose already has high wages and a high cost of living due to the tech sector. Most places were probably already paying around that.
The problem is forcing a statewide or nationwide minimum wage hike to where certain locations can not afford to take the increase hit. Places like San Jose can
Posted on 11/4/14 at 10:27 am to Hawkeye95
Correlation is not causation.
Posted on 11/4/14 at 10:27 am to hikingfan
quote:
Is this just anecdotal?
quote:
Silicon Valley Chamber of Commerce claimed if San Jose's minimum wage
Yep
Posted on 11/4/14 at 10:29 am to hikingfan
Dude, it's silicone valley.... The same thing would happen in North Dakota.
Posted on 11/4/14 at 10:29 am to udtiger
quote:
Correlation is not causation.
Posted on 11/4/14 at 10:31 am to hikingfan
Do you have any idea what the cost of living in Silicon Valley is?
Do you not remember all the media reporting 1000 +/- sq ft homes going for 700-900K+?
That pocket of America is unique and I would assume there aren't too many that are paying workers that low of wage there.
Do you not remember all the media reporting 1000 +/- sq ft homes going for 700-900K+?
That pocket of America is unique and I would assume there aren't too many that are paying workers that low of wage there.
Posted on 11/4/14 at 10:32 am to HailHailtoMichigan!
Saw an article a couple of weeks ago the the starting pay at Walmart in north Dakota is $17.40.
Posting from phone so no link.
Posting from phone so no link.
This post was edited on 11/4/14 at 10:35 am
Posted on 11/4/14 at 10:35 am to RockyMtnTigerWDE
Exactly. If the market wage rates in an area are above the price floor set by MW laws, then there are no ill effects.
Posted on 11/4/14 at 10:37 am to tiger 56
quote:
Saw an article a couple of weeks ago the the starting pay at Walmart in north Dakota is $17.47.
Last time I was up there Walmart in Williston was hiring at $17.50 for day shift, $19.50 for night shift, and still cant find workers. Because Wal-mart policies limit overtime to only 10 hours. Whereas you can routinely work 110 hours a week fracing.
Mcdonalds started at $15.15, and if you stayed there 3 months you got a sign on bonus.
The lowest minimum wage in town was Gamestop at $9.50/hr.
Posted on 11/4/14 at 10:53 am to hikingfan
See, I really have no problem with this. Different things work for different areas of the country. Now, with that data, some other community should try it and see what happens. If it doesnt work for a specific community, its much easier to change the floor.
I would bet that raising minimum wage for the entire country would have a net negative impact, and, as we all know, there would be no going back.
I would bet that raising minimum wage for the entire country would have a net negative impact, and, as we all know, there would be no going back.
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