States That Raised Their Minimum Wages Are Experiencing Faster Job Growth

[eridani]

http://thinkprogress.org/economy/2014/07/03/3456393/minimum-wage-state-increase-employment/

Think a higher minimum wage is a job killer? Think again: The states that raised their minimum wages on January 1 have seen higher employment growth since then than the states that kept theirs at the same rate.

The minimum wage went up in 13 states — Arizona, Connecticut, Colorado, Florida, Missouri, Montana, New Jersey, New York, Ohio, Oregon, Rhode Island, Vermont, and Washington — either thanks to automatic increases in line with inflation or new legislation, as Ben Wolcott reports in his analysis at the Center for Economic and Policy Research. The average change in employment for those states over the first five months of the year as compared with the last five of 2013 is .99 percent, while the average for all remaining states is .68 percent.

Digging deeper, all but one of those states are experiencing increases in employment, and nine of them have seen growth above the median rate.

[mbperrin]

1. Gosh, imagine that workers making more will be happier and more productive

PLUS they will have more money to spend on products!

Who'da thunk?

After all, it was big doings in the South when the slaves took their no-wages to the market every Friday night! ....um...err...