We have a minimum wage that is not a living wage. You can work full time and you cannot make wage that you will survive on. 66% of the American people want to raise the minimum wage.
If it the minimum wage kept up with inflation to what it was in the 1960s, the minimum wage would be over $10 an hour.
If the minimum wage kept up with worker productivity, it would be over $21 an hour.
If you tied the minimum wage with the earnings of the 1%, it would be over $22 an hour.
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There are also real world examples that prove that minimum wage creates more jobs than the opposite.
So yeah, the whole notion of how raising the minimum wage causes job loss is nothing but a myth with absolutely no hard evidence to support that theory, which has been debunked firmly by both economists and real world applications.
"At the beginning of 2014, 13 states increased their minimum wage. Of these 13 states, four passed legislation raising their minimum wage (Connecticut, New Jersey, New York, and Rhode Island). In the other nine, their minimum wage automatically increased in line with inflation at the beginning of the year (Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Vermont, and Washington state).
As CEPR noted in March and April posts, economists at Goldman Sachs conducted a simple evaluation of the impact of these state minimum-wage increases. GS compared the employment change between December and January in the 13 states where the minimum wage increased with the changes in the remainder of the states. The GS analysis found that the states where the minimum wage went up had faster employment growth than the states where the minimum wage remained at its 2013 level.
When we updated the GS analysis using additional employment data from the BLS, we saw the same pattern: employment growth was higher in states where the minimum wage went up. While this kind of simple exercise can't establish causality, it does provide evidence against theoretical negative employment effects of minimum-wage increases."
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