HIGHER PAY - MORE JOBS
05/03/14 07:43
On March 4, 2014, in the Personal Finance section of bloomberg.com, reporters Victoria Stilwell, Peter Robinson and William Selway have an article titled “Highest Minimum-Wage State Washington Beats U.S. in Job Creation”. They point out that the minimum wage there was raised in 1998 and linked to increases in the cost of living in future years.
They also report that these have been the results since then:
Looks like paying the lowest paid more has positive results.
Maybe we should try it elsewhere.
They also report that these have been the results since then:
- Minimum wage has climbed to $9.32 per hour;
- Job growth has continued at a 0.8% rate which is 0.3% higher than the U.S. national rate; and,
- payrolls at restaurants and bars have expanded by 21 percent
Looks like paying the lowest paid more has positive results.
Maybe we should try it elsewhere.