Tuesday, July 22, 2014

Minimum Results

Raising the minimum wage will stifle growth and put more people out of work, right?

New data show that the 13 states that raised the minimum wage this year are adding jobs at a faster pace than those that did not.

State-by-state hiring data released Friday by the Labor Department reveal that in the 13 states that boosted minimum wages at the beginning of this year, the number of jobs grew an average of 0.85 percent from January to June. The average in the other 37 states was 0.61 percent, the Associated Press reports.

The findings could undermine the argument that raising the minimum wage hurts job growth, a view held by major conservative lobbies. The Congressional Budget Office reported earlier this year that a minimum wage of $10.10 could bring 900,000 people out of of poverty, but would cost 500,000 jobs nationwide.

Well, whatta know, the Republicans were wrong about that.  How could that be?