tag:blogger.com,1999:blog-5037190876571380696.post5409735793516730518..comments2023-11-25T03:11:51.759-06:00Comments on On Today's Page: A $20 an hour minimum wage would NOT (!) cost a lot of people their jobsDenis Drewhttp://www.blogger.com/profile/11833367196756465896noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5037190876571380696.post-81033513346525301742014-11-02T14:52:20.860-06:002014-11-02T14:52:20.860-06:00COMMENT TO MYSELF:
I am glad the minimum wage disc...COMMENT TO MYSELF:<br />I am glad the minimum wage discussion has moved up to a seriously amount of money.<br /><br />Liberal and conservative economists too often argue how much difference a dollar or two dollar min wage raise would make to poverty or employment. A dollar minimum wage raise would shift about one-quarter of one percent (because a lot fewer recipients) of income share -- which national effect should disappear in the noise of other factors: unmeasurable.<br /><br />Seems to me that many of the employment studies focused (like everyone else!) on fast food which because it has the highest labor costs at 33% (Walmart's at 7%) which could in effect amplify results that might otherwise be below audibility. Seem to remember most showing no effect one way or the other anyway.<br /><br />(E.I.T.C., at $55 billion, shifts one-third of one percent of income -- not leaving overall poverty measurably effected either.)<br />Denis Drewhttps://www.blogger.com/profile/11833367196756465896noreply@blogger.com