Tuesday, July 9, 2019

Minimum wage

This really isn't my bag, but this article on the effects of raising the minimum wage caught my eye. In places where the minimum wage is raised:

* Suicide rates drop (and increasing the Earned Income Tax Credit for the poor does too)
* Criminality drops
* Consumer spending rises
* Workers are more productive
* Wage increases happen for higher paid employees as well
* Poverty rates drop
* Job-hopping drops
* Old folks work longer