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Old Posted Jul 19, 2014, 9:59 PM
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Eightball Eightball is offline
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States with higher minimum wages gain more jobs

http://www.nola.com/business/index.s....html#comments

Quote:
Maybe a higher minimum wage isn't so bad for job growth after all.

The 13 U.S. states that raised their minimum wages at the beginning of this year are adding jobs at a faster pace than those that did not, providing some counter-intuitive fuel to the debate over what impact a higher minimum has on hiring trends.

Many business groups argue that raising the minimum wage discourages job growth by increasing the cost of hiring. A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.

But the state-by-state hiring data...
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