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Myth Busting that the $15h minimum wage would cause job losses.

2 min read

A worthwhile article in the NYT

Some highlights:

Amazon has embarked on an advertising blitz this winter, urging Congress to follow the company’s lead and raise the federal minimum wage to $15 an hour. American workers “simply can’t wait” for higher pay, the company said in a recent blog post.

“When you have major changes in the wage policies of large actors in the labor market, this has ripple effects,” Dr. Derenoncourt said in an interview.

At the same time, Dr. Weil added, “the sky doesn’t fall.”

“At some point, it always comes down to money,” he said. “And so if there’s an employee who has the ability to make two or three or four or five bucks an hour more at another location, they go directly to the owner or to their manager.”

Dr. Dube said that in the 1980s, the spread of Walmart and other national retailers helped push down wages, as they displaced smaller, often unionized local chains. Now big national retailers seem to be helping to push wages up

This proves that when politics get in a rut there is another way:

But the researchers’ findings suggest that there are other ways to raise pay for low-wage workers. Political pressure on big companies can lift pay not just for their direct employees but also for other workers in the same area. Other policies could mimic that effect: If the federal government requires its contractors to pay more, as Mr. Biden has directed by executive order, it could help increase wages throughout the private sector

Are you an Amazon customer?

So what are you waiting for?

Get writing, give them a nod and say, you could do better.

Trade unions, good idea etc.

😉

The GQP are in pure obstruction mode abetted by a couple of Democrats.

Bypass them.

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