Every time an amendment comes before the U. Congress to raise the minimum wage, advocates and critics pull out some convincing arguments to win over public opinion. The most common argument in support of the minimum wage is that it protects the workers at the lowest rung of the socio-economic ladder.
April 22 4: So might a handful of Republicans looking to demonstrate that they too care about stagnant incomes for low-wage workers. Minimum wage ballot initiatives passed by substantial margins in four Republican-leaning states in November, and GOP Senate candidates Tom Cotton of Arkansas and Dan Sullivan of Alaska came out in favor of state but not federal minimum wage hikes.
None of this should come as a shock. Public support for a minimum wage hike is overwhelming.
Opposing a minimum wage increase could be hazardous to your political health, and my guess is that opponents will prefer to dodge the issue than to engage it head on. Why beat your head against the wall when you can just go with the flow and embrace a very popular idea?
I can think of only one good reason: My view is that the labor market is changing in ways that make huge minimum wage hikes, like the one backed by the Fight for 15 movement, very dangerous. Advertisement First, let me stipulate that there is a lively, ongoing debate among serious, thoughtful people about the wisdom of more modest increases in the federal minimum wage.
For years, scholars have been drawing on variation in minimum wage levels across states to determine whether minimum wage hikes reduce employment levels. Can we discern the effects of a minimum wage hike by, say, comparing two neighboring counties, one in which the minimum wage increased and the other in which it did not?
Can we screen out all of the nonrandom differences between states and cities that might influence their local minimum wage laws? Other economists, like David Neumark and William Wascherdisagree.
Does that settle the issue? Should we all join the Fight for 15?
By definition, the federal minimum wage applies across the country, despite the fact that average wages and price levels vary considerably from place to place. One scholar who has been particularly thoughtful as to why this matters is Dube himself, who has argued against a one-size-fits-all approach to the minimum wage.
Consider the contrast between Massachusetts, a high-cost, high-wage jurisdiction, and Mississippi, a low-cost, low-wage one. But in Mississippi, as many as 28 percent of workers would be affected. In Massachusetts, wages are higher, and so are prices.
Relatively few employers will have to spend substantially more on their workforce under a higher federal minimum wage, and relatively few will have to raise their prices to account for it. But of course it will often be poor people who pay them, particularly in a poor state like Mississippi.
This makes poor consumers worse off in a direct sense, in that they can purchase less with their earnings. And if consumers are at all sensitive to prices, at least some of them will choose to spend less on labor-intensive goods and services now that they are more expensive.
That could reduce the number of minimum wage jobs available.
That is why Dube recommends that state and local governments set minimum wages that take into account local wages and local price levels. Advertisement The truth is that I go further than Dube. They drive a bit less, depending on how high prices have gone and how much control they have over their commutes.Mar 10, · The argument against raising minimum wage.
so they don't get in a fight. looked at how an increase in the minimum wage affects future job creation. The results were not good. The first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which also guaranteed time and a half for overtime in certain jobs and prohibited oppressive child labor.
Leaning in toward Wheeler as if they are colleagues mapping out a strategy, Clinton speaks in a voice that is low and serious.
“We have to be as organized and focused as they are to beat them. Some Minimum Wages Cause Unemployment – The standard economist’s argument against minimum wage laws is that, by increasing the cost of labor, they reduce the demand for it.
In other words, they create unemployment. Feminists want to maximize the number of men who get charged with rape. Feminists don’t care about actual rape victims. But they do hate men enough that they want to use rape as a political weapon against them, even if it means encouraging high-risk behaviour among college-aged mtb15.com their eyes, one girl’s unpleasant night is worth it, to see a dastardly patriarch spend a decade in prison.
he minimum wage for a tipped position in Arkansas — like the one I held as a bartender — is $ an hour. The assumption is that tipped workers will earn their own minimum wages by .