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Thread: Seattle's Minimum Wage Hike Hurts Low-Income Workers

  1. #11
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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Quote Originally Posted by PeteEU View Post
    Yes so claim the anti-high minimum wage crowd. Still does not change the fact that the OP study does not provide all data sets and control sets, but most worryingly, excludes multi-location businesses... why? That would be like saying teen pregnancy in the US is low because we only surveyed whites in areas of the US that have incomes over 50k... I mean wtf?
    From the link:

    . . . And critics of the research pointed out what they saw as serious shortcomings. In particular, to avoid confusing establishments that were subject to the minimum with those that were not, the authors did not include large employers with locations both inside and outside of Seattle in their calculations. Skeptics argued that omission could explain the unusual results.
    "Like, whoa, what? Where did you get this?" asked Ben Zipperer, an economist at the left-leaning Economic Policy Institute (EPI) in Washington.
    "My view of the research is that it seems to work," he said. "The minimum wage in general seems to do exactly what itís intended to do, and thatís to raise wages for low-wage workers, with little negative consequence in terms of job loss."

    Economists might not readily dismiss the new study as an outlier, however. The paper published Monday makes use of more detailed data than have been available in past research, drawing on state records of wages and hours for individual employees.
    As a result, the paper is likely to upend a debate that has continued among economists, politicians, businesses and labor organizers for decades. In particular, the results could exacerbate divisions among Democrats, who are seeking an economic agenda to counter President Trump's pitches for protectionism, reduced taxes and restrictions on immigration. . . .
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

  2. #12
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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Quote Originally Posted by Jack Hays View Post
    From the link:

    . . . And critics of the research pointed out what they saw as serious shortcomings. In particular, to avoid confusing establishments that were subject to the minimum with those that were not, the authors did not include large employers with locations both inside and outside of Seattle in their calculations. Skeptics argued that omission could explain the unusual results.
    "Like, whoa, what? Where did you get this?" asked Ben Zipperer, an economist at the left-leaning Economic Policy Institute (EPI) in Washington.
    "My view of the research is that it seems to work," he said. "The minimum wage in general seems to do exactly what it’s intended to do, and that’s to raise wages for low-wage workers, with little negative consequence in terms of job loss."

    Economists might not readily dismiss the new study as an outlier, however. The paper published Monday makes use of more detailed data than have been available in past research, drawing on state records of wages and hours for individual employees.
    As a result, the paper is likely to upend a debate that has continued among economists, politicians, businesses and labor organizers for decades. In particular, the results could exacerbate divisions among Democrats, who are seeking an economic agenda to counter President Trump's pitches for protectionism, reduced taxes and restrictions on immigration. . . .
    Yes yes we know, the paper will be used by the corporatists to try to put slavery back on the table... after all people should not be allowed to make a living that they actually can live off!!!

    Still does not change the fact, the study has massive flaws and was designed to prove that higher minimum wage is bad.
    PeteEU

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Quote Originally Posted by PeteEU View Post
    Yes yes we know, the paper will be used by the corporatists to try to put slavery back on the table... after all people should not be allowed to make a living that they actually can live off!!!

    Still does not change the fact, the study has massive flaws and was designed to prove that higher minimum wage is bad.
    There is no evidence the study was "designed" with any outcome in mind. That is just your ideological propaganda spin. Please keep in mind these are the researchers hired by the city of Seattle to track the impact of the increased minimum wage.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Quote Originally Posted by Jack Hays View Post
    There is no evidence the study was "designed" with any outcome in mind. That is just your ideological propaganda spin. Please keep in mind these are the researchers hired by the city of Seattle to track the impact of the increased minimum wage.
    "Still does not change the fact, the study has massive flaws and was designed to prove that higher minimum wage is bad."

    Jack - do you think he applied the same crtitical standard to the Card- Krueger since they are liberals and in Krueger case a liberal Democrat?

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Quote Originally Posted by KLATTU View Post
    "Still does not change the fact, the study has massive flaws and was designed to prove that higher minimum wage is bad."

    Jack - do you think he applied the same crtitical standard to the Card- Krueger since they are liberals and in Krueger case a liberal Democrat?
    I think he's following the scheme of the Red Queen in Alice in Wonderland: "Verdict first! Then the trial!"
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    MINIMUM WAGE
    Seattleís Minimum Wage Hike May Have Gone Too Far

    By Ben Casselman and Kathryn Casteel

    . . . The groupís first major report, released last year, looked at the first big increase under the law, in April 2015, in which the minimum wage went from $9.47 to $11 for large employers. The report found relatively little effect, for good or ill: The policy led to some lost jobs and hours, the report concluded, but those were more or less offset by the increased income enjoyed by workers. For workers who kept their jobs, the higher wage was a clear benefit; for low-wage workers as a whole, the impact was minimal. One reason for the muted impact: In high-cost Seattle, not many workers earned less than $11 an hour even before the law took effect.
    Mondayís report looks at the impact of the second wage increase under the law: the January 2016 hike to $13 an hour for large employers. This time, the findings look very different: Compared to a counterfactual in which Seattle didnít raise its minimum wage, the number of hours worked by low-wage workers (those earning less than $19 an hour) fell by 9.4 percent over the first nine months of 2016, and the number of low-wage jobs fell by 6.8 percent. Cumulatively, those add up to the losses of 5,000 jobs and 3.5 million hours of work. The average low-wage employee, they found, saw his or her monthly paycheck shrink by $125, or 6.6 percent. . . .

    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Clearly we need to help these low wage workers and cut their wages transferring that wealth to the "job creator" class and Wall Street so these poor souls can be more "successful".

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Quote Originally Posted by Jack Hays View Post
    Apparently the mayor will keep asking for academics' views until he finds one he likes. Ironic that he's looking for counters to the views of the people he himself originally engaged.

    The study found that while wages for low-earners rose by 3 percent since the law went into effect, hours for those workers dropped by 9 percent. The average worker making less than $19 an hour in Seattle has seen a total loss of $125 a month since the law went into effect.

    The "job creator" class in action.

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    Re: Seattle's Minimum Wage Hike Hurts Low-Income Workers

    Quote Originally Posted by Jack Hays View Post
    There is no evidence the study was "designed" with any outcome in mind. That is just your ideological propaganda spin. Please keep in mind these are the researchers hired by the city of Seattle to track the impact of the increased minimum wage.
    From the report: "The study, published as a working paper Monday by the National Bureau of Economic Research, has not yet been peer reviewed."

    Are you still a big supporter of "Trickle Down" Reaganomics?

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