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What happened when 18 states raised the minimum wage

What happened when 18 states raised the minimum wage

(5:56) David Pakman looks at a study by the White House Council of Economic Advisers on what happened after 18 states raised wages above the federal minimum wage.

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COncernedCitizen COncernedCitizen (199 days ago)

“No negative repercussions.” How about inflation? California mentioned in the video as “being ahead of the rest of the country” has one of the highest costs of living of all the states. It is only beaten by Hawaii. LINK

We should just remove the federal minimum wage because the states have their own minimum wage laws. Only 6 (Alabama, Louisiana, Mississippi, New Hampshire, South Carolina, Tennessee) use whatever the federal minimum is. If those states just created a minimum wage of their own, we can drop the federal minimum.

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“No negative repercussions.” How about inflation? California mentioned in the video as “being ahead of the rest of the country” has one of the highest costs of living of all the states. It is only beaten by Hawaii. LINK

We should just remove the federal minimum wage because the states have their own minimum wage laws. Only 6 (Alabama, Louisiana, Mississippi, New Hampshire, South Carolina, Tennessee) use whatever the federal minimum is. If those states just created a minimum wage of their own, we can drop the federal minimum.

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Guest: (198 days ago)

How about first you provide a shred of credible evidence that a higher minimum wage causes inflation, instead of parroting the chamber of commerce nonsense we hear every time this subject is raised?

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How about first you provide a shred of credible evidence that a higher minimum wage causes inflation, instead of parroting the chamber of commerce nonsense we hear every time this subject is raised?

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COncernedCitizen COncernedCitizen (198 days ago)

How about the link I provided?

States using federal minimum wage:

Alabama = #12 cheapest cost of living
Louisiana = #22 cheapest
Mississippi = #1 cheapest
South Carolina = #22
Tennessee = #5

States (and DC) with wages greater than or equal to $9

DC = #50
MA = #48
CA = #49
AK = #47
RI = #41
VT = #42
CT = #45
WA = #37
OR = #39
NY = #46
NE = #34
MN = #30

I see a trend and I'm surprised you do not. States with no minimum wage are in the lowest cost of living areas and states with the highest minimum wage have the highest cost of living.

ReplyVote up (87)down (101)
Original comment

How about the link I provided?

States using federal minimum wage:

Alabama = #12 cheapest cost of living
Louisiana = #22 cheapest
Mississippi = #1 cheapest
South Carolina = #22
Tennessee = #5

States (and DC) with wages greater than or equal to $9

DC = #50
MA = #48
CA = #49
AK = #47
RI = #41
VT = #42
CT = #45
WA = #37
OR = #39
NY = #46
NE = #34
MN = #30

I see a trend and I'm surprised you do not. States with no minimum wage are in the lowest cost of living areas and states with the highest minimum wage have the highest cost of living.

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Guest: (198 days ago)

From your link we can conclude that cost of living in US cities is more or less the same, except for Northeast and West Cost, which have significantly larger cost of living, probably due to larger city populations and more active economy.

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Original comment

From your link we can conclude that cost of living in US cities is more or less the same, except for Northeast and West Cost, which have significantly larger cost of living, probably due to larger city populations and more active economy.

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COncernedCitizen COncernedCitizen (198 days ago)

US Cities in order by population:

New York, NY = $9.70 minimum wage
Los Angeles, CA = $10.50 (but varies by county)
Chicago, IL = $8.25
Houston, TX = $7.25
Philadelphia, PA = $7.25
Phoenix, AZ = $10
San Antonio, TX = $7.25

Highest Minimum wage in the country is

DC = $11.50
WA = $11.00
MA = $11.00

The states/districts with the higest minimum wage do not contain the cities with the largest populations. Don't understand what point you were trying to make.

You have to go all the way to city #18 (Seattle) before a high population state is in the highest minimum wage states.

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Original comment

US Cities in order by population:

New York, NY = $9.70 minimum wage
Los Angeles, CA = $10.50 (but varies by county)
Chicago, IL = $8.25
Houston, TX = $7.25
Philadelphia, PA = $7.25
Phoenix, AZ = $10
San Antonio, TX = $7.25

Highest Minimum wage in the country is

DC = $11.50
WA = $11.00
MA = $11.00

The states/districts with the higest minimum wage do not contain the cities with the largest populations. Don't understand what point you were trying to make.

You have to go all the way to city #18 (Seattle) before a high population state is in the highest minimum wage states.

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Guest: (198 days ago)

Economic activity has the biggest impact on inflation.
When we look at cost of living, large populations cause infrastructural problems that can increase it.
And that is what we see on you link, high cost of living in Northeast and West Cost, and everybody else on pretty much same level.
When minimum wage is calculated, cost of living is taken in account, so correlation that you "see" in the data is effect, not a cause.

ReplyVote up (101)down (97)
Original comment

Economic activity has the biggest impact on inflation.
When we look at cost of living, large populations cause infrastructural problems that can increase it.
And that is what we see on you link, high cost of living in Northeast and West Cost, and everybody else on pretty much same level.
When minimum wage is calculated, cost of living is taken in account, so correlation that you "see" in the data is effect, not a cause.

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Guest: (198 days ago)
Latest comment:

COncernedCitizen, as usual you are missing the big picture. You are talking about a dollar and two increase in the minimum wage, but missing the fact that the Fed has transfered upwards of 15.000 dollars per American citizen directly into the pockets of the asset owning class since 2008. And that's only through the QE programs. This is what's been driving inflation. This is what's been making the asset owners richer and all the rest poorer. The minimum wage is peanuts in the grand scheme of things.

ReplyVote up (95)down (101)
Original comment
Latest comment:

COncernedCitizen, as usual you are missing the big picture. You are talking about a dollar and two increase in the minimum wage, but missing the fact that the Fed has transfered upwards of 15.000 dollars per American citizen directly into the pockets of the asset owning class since 2008. And that's only through the QE programs. This is what's been driving inflation. This is what's been making the asset owners richer and all the rest poorer. The minimum wage is peanuts in the grand scheme of things.

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