Meanwhile, California is set to raise its minimum from $10.50 now to $15 by 2023. San Diego’s head start, which places many of its employers at a temporary disadvantage, makes the city a test bed for competing theories about whether the overall economy is harmed or helped by large increases to wage floors.
The fact that Galen Weston Jr. can sit on his family’s billions and decry the prospect of paying a not-even-living wage is all the more reason to consider asking the Westons of the nation to contribute their fair share. Social programs alleviate the need to raise the minimum wage, after all: The more people’s needs are provided for by the government, the less they need to take home in cash pay to survive. And those cost money.
When Economics 101 tells you something you don’t want to hear, the thing to do is to commission a study. As Ronald Coase observed: If you torture the data enough, it will confess to almost anything. For progressives desiring to raise the minimum wage in spite of the consequences predicted by basic economics, that study came from two Princeton economists, , who in 1994 compared employment at fast-food restaurants in New Jersey to that of their counterparts across the river in Pennsylvania after New Jersey enacted a relatively modest increase in the minimum wage. The Card-Krueger study found that raising the minimum wage had not cost jobs in New Jersey. There were : It used fast-food employment as a proxy for minimum wage even though most fast-food workers do not make the minimum wage; it ignored workers in other industries, such as hospitality, that might have been more strongly affected; it covered a relatively short period of time; it relied on telephone surveys of restaurant managers rather than on hard employment data.
With locations outside of San Diego, he’s been spared the 15 percent minimum wage increase absorbed this year by competitors across Poway’s southern border. But California has raised its minimum from $8 to $10.50 since 2014, and regulatory burdens have increased steadily.
Argumentative essay on raising minimum wage
Minimum Wages Essay It is easy to be confused about what effects minimum wages have on jobs for low skilled workers. Searchers offer conflicting evidence on whether or not raising the.
Black Teens Are Fired When the Minimum Wage Rises - BET…
The earliest studies of the employment effects of minimum wages used only national variation in the U.S. minimum wage. They found elasticities between −0.1 and −0.3 for teens ages 16–19, and between −0.1 and −0.2 for young adults ages 16–24. An elasticity of −0.1 for teens, for example, means that a 10% increase in the wage floor reduces teen employment by 1%. Newer research used data from an increasing number of states raising their minimum wages above the federal minimum. The across-state variation allowed comparisons of changes in youth employment between states that did and did not raise their minimum wage. This made it easier to distinguish the effects of minimum wages from those of business cycle and other influences on aggregate low-skill employment. An extensive survey by Neumark and Wascher (2007) concluded that nearly two-thirds of the more than 100 newer minimum wage studies, and 85% of the most convincing ones, found consistent evidence of job loss effects on low-skilled workers.
California is set to raise its minimum from $10.50 now to $15 by 2023. San Diego’s head start, makes the city a test bed for competing theories about whether the overall economy is harmed or helped by large increases to wage floors.
The Effects of Minimum Wages on Employment
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