3 ms·
This article is self disproving. 1. Federal minimum wage hasn't been increased. In a handful of liberal, urban locations it has been. How do we know the claim
by macinjosh 7y ago
This article is self disproving.
1. Federal minimum wage hasn't been increased. In a handful of liberal, urban locations it has been. How do we know the claim is true if it hasn't been tested in the majority of situations? Perhaps localities should be able to decide minimum wage for themselves! $15/hr might be the bare minimum in NY but in small town USA it is beyond what the market can bare for entry level.
2. The article mentions companies like Amazon are taking matters into their own hands and raising their minimum range. This is evidence the labor market does not need wage regulation when companies are making the decision to raise wages themselves.
3. The article mentions only hospitality related industries were studied. All service industries in the US are growing. What about entry level jobs in other parts of the economy?
4. I am not sure why they are comparing minimum wage to economic growth. Seems like apples and oranges to me, not useful. Of course if one economy is growing it can bare higher minimum wage than one that isn't.