High Minimum Wage = Job Growth

Posted: March 6, 2014 in -
Tags: , , , , , , ,

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Highest Minimum-Wage State Washington Beats U.S. Job Growth

Right wing extremists are also known as “cheap labor conservatives,” and their policies are bankrupt.  They do not work, because when poor people get more income they spend it all and put it back into the economy.  Result: a better economy for everyone, more activity, more job creation, more spending.  The customers drive the job creation, not the mythical “job creators” shtick.

In the 15 years that followed, the state’s minimum wage climbed to $9.32 — the highest in the country. Meanwhile job growth continued at an average 0.8 percent annual pace, 0.3 percentage point above the national rate. Payrolls at Washington’s restaurants and bars, portrayed as particularly vulnerable to higher wage costs, expanded by 21 percent. Poverty has trailed the U.S. level for at least seven years.

 

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