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View Diary: The minimum wage is lower right across the street, but this McDonald's is staying put (70 comments)

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  •  Well, OK - but with that caveat (0+ / 0-)

    (i.e., that the employment effects were only evaluated in the restaurant sector) - the implications of the study are highly diminished.  That is, they offer absolutely no insights into the effects of minimum wage laws on overall, economy-wide employment prospects.

    •  No, the studies are quite clear. (0+ / 0-)

      Look, I read the NYT, in particular the business section, and especially the business columnists.

      The GOP always claims higher wages will hurt business and economies and in fact the opposite is true. It turns out that when workers make more money, they spend more, and (as Terry Pratchett has written) money is like manure: when you spread it around, everyone benefits.

      So what we've seen over the past twenty years is that areas with higher minimum wages have more dynamic economies and LOWER unemployment.

      You can look it up.

      Irony takes a worse beating from Republicans than Wile E. Coyote does from Acme. --Tara the Antisocial Social Worker

      by Youffraita on Thu May 09, 2013 at 11:14:34 PM PDT

      [ Parent ]

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