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fdr234rd22

12 karma · joined June 3, 2014

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fdr234rd22··on Seattle votes for $15 minimum wage
Maybe you should read the article. They're quoting from "Assunta Ng, publisher of the Northwest Asian Weekly"

http://www.nwasianweekly.com/2014/05/blog-seatac-tells-us-15...

fdr234rd22··on Seattle votes for $15 minimum wage
This argument really needs to stop. 89% of minimum wage workers do not live in poor households. (see my Marginal Revolution citation on this page). It's extremely misleading to insinuate otherwise.
fdr234rd22··on Seattle votes for $15 minimum wage
"A 2011 study by Sen, Rybczynski, and Van De Waal found that "a 10% increase in the minimum wage is significantly correlated with a 3−5% drop in teen employment."

http://en.wikipedia.org/wiki/Minimum_wage#Research_subsequen...

fdr234rd22··on Seattle votes for $15 minimum wage
That is a trite and misleading argument. 89% of minimum wage workers don't live in poor households. To say that they are being subsidized because they are poor is simply dishonest. See my link above.
fdr234rd22··on Seattle votes for $15 minimum wage
That is wrong. Minimum wage workers are not in dire poverty.

"Only 11.3% of workers who will gain from an increase in the federal minimum wage to $9.50 per hour live in poor households."

http://marginalrevolution.com/marginalrevolution/2014/01/how...