What CBO Report? The State With The Highest Minimum Wage Is Adding Jobs.

[Cigar]

If you thought that the hotly contested Congressional Budget Office report, suggesting that a higher minimum wage would reduce the number of jobs, would squelch any chance of raising it, think again.

President Obama ratcheted up the pressure today, speaking out in favor of a $10.10 federal minimum wage at a Connecticut rally with four New England Democratic governors who are pledging to push for the same in their respective states.

And he now has a silver bullet to debunk those conservatives using the report, which only offered an estimated range of possibilities, as proof that raising the minimum wage is a certain job-killer.

Washington State.

The home of the Super Bowl champions is also America’s minimum wage champion, with the highest state minimum wage of $9.32. The minimum is also indexed to inflation, so it will never lose purchasing power.

Today Bloomberg checked in on how the Evergreen State’s wage policy has impacted job growth … and found that Washington State job growth beats the national average:

…job growth continued at an average 0.8 percent annual pace, 0.3 percentage point above the national rate. Payrolls at Washington’s restaurants and bars, portrayed as particularly vulnerable to higher wage costs, expanded by 21 percent. Poverty has trailed the U.S. level for at least seven years.


Bloomberg noted that even if conservatives have a point that higher minimum wages have some negative impact on job growth, “Washington’s example shows that any such effects aren’t big enough to throw its economy and labor market off the tracks.”

While the CBO did project a slight reduction in jobs, it also projected that 16.5 million Americans would have higher incomes with a $10.10 minimum wage, including and beyond those directly earning the minimum. (With a $9 minimum, 7.6 million would earn more.)

Considering the Washington State banked those bigger payrolls without experiencing any net job loss, it seems pretty short-sighted to pass on raising the minimum just because of a flimsy projection of minor job losses that isn’t backed up by real world experience.

Republicans who think they can resist the drive for a higher minimum wage by waving the CBO report haven’t noticed that a higher minimum still polls phenomenally even after the report’s release.

Common sense and real-world experience will beat an academic paper


http://ourfuture.org/20140305/what-cbo-report-the-state-with-the-highest-minimum-wage-is-adding-jobs


There's Facts and then there's Fox-News ... you chose :laugh:

[nic34]

Living in the Idaho panhandle you can still get better jobs and wages just over the border in Spokane.

[Cigar]

Living in the Idaho panhandle you can still get better jobs and wages just over the border in Spokane.

Don't ever expect a Conservative to back up their Minimum Wage argument with Facts ... it will never happen :laugh:

[lynn]

At any other time then now I would support increasing the minimum wage. The fact is the reason why they want to increase it is so people won't qualify for Medicaid and will be forced to purchase it out of that higher minimum wage. According to the IRS there are over 30 million people who file taxes that earn at or under $15,000 a year. If all states expanding they would all be covered under Medicaid.

The government now wants people to earn more so they can pay for their own healthcare.

[AmazonTania]

Washington's unemployment rate is 6.7%...

[Cigar]

Washington's unemployment rate is 6.7%...

It has to be because of the Minimum Wage :rollseyes: or Obama Fault :laugh:

[AmazonTania]

It has to be because of the Minimum Wage :rollseyes: or Obama Fault :laugh:

I actually wrote a piece on state by state comparison of the minimum wage. One thing you'll find in come with state have higher than average minimum wages: Lowering Productivity and Higher Turnovers

Data from the BEA (http://www.bea.gov/iTable/iTableHtml.cfm?reqid=70&step=10&isuri=1&7007=2012,2011,2010,2009,2008,2007,2006&7093=percentchange&7090=70&7010=0&7035=-1&7036=-1&7001=1200&7002=1&7003=200&7004=naics&7005=101&7006=05000,06000,13000,27000,32000,36000,40000,410 00,44000,48000,53000,56000):



GDP by state (current dollars)


Percent change from preceding period


State
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012


Arkansas
5.98
3.92
2.97
-0.84
3.66
3.28
2.82


California
6.47
4.04
1.58
-4.31
1.46
3.45
4.95


Georgia
4.78
5.01
1.19
-2.56
2.04
3.84
3.86


Minnesota
3.03
3.41
3.45
-1.72
4.26
4.25
5.27


Nevada
8.1
7.62
-0.91
-6.71
1.4
3.67
3.22


New York
7.35
4.45
0.32
0.07
5.18
2.91
3.12


Oklahoma
9.66
6.21
9.15
-7.27
3.92
5.7
3.14


Oregon
11.48
4.5
4.73
-1.97
5.82
4.11
5.14


Rhode Island
5.12
1.81
-0.13
0.45
2.38
1.75
3.1


Texas
8.86
8.82
5.39
-5.71
7.59
7.69
5.78


Washington
7.45
8.32
2.65
-0.34
3.04
4.19
5.23


Wyoming
17.21
9.56
15.26
-11.38
5.89
4.75
0.61


And Unemployment rate:



Unemployment by State


State:
2005 – 2006
2006 – 2007
2007 – 2008
2008 – 2009
2009 – 2010
2010 – 2011
2011 – 2012
2012 – 2013


Arkansas
5.2
5.1
6.4
7.8
8.0
7.6
7.1
7.4


California
4.9
5.8
9.2
12.3
12.2
11.2
9.8
8.3


Georgia
4.5
5.1
8.1
10.4
10.2
9.5
8.7
7.4


Minnesota
4.4
4.8
6.5
7.7
7.0
5.8
5.4
4.6


Nevada
4.2
5.2
9.2
13.3
13.8
12.3
9.8
8.8


New York
4.3
4.7
6.7
8.9
8.3
8.4
8.2
7.1


Oklahoma
4.2
3.6
4.8
7.2
6.4
5.6
5.1
5.4


Oregon
5.2
5.2
9.2
11.0
10.2
9.2
8.3
7.0


Rhode Island
4.9
6.0
9.4
11.8
11.5
10.9
9.9
9.1


Texas
4.5
4.4
6.0
8.2
8.2
7.4
6.2
6.0


Washington
4.8
4.6
7.1
10.2
9.7
8.7
7.5
6.6


Wyoming
2.9
2.6
3.9
7.5
6.5
5.8
4.9
4.4



So you tell me? If the minimum wage is supposed to be so great, why to all of the states with minimum wages below the Federal Level have higher productivity rates and lower turnover?

[Mainecoons]

And of course this doesn't take into account that Washington is one of the major destination states for people living CA who want to remain on the west coast.

The usual shallow Cigar source and research. Trouble is, he actually believes this stuff. BTW, Cigar, you might want to check that list of NE states pushing for high miinimum wages with the list of top ten states with net outmigration. You know, like CT, NY, ME. Of course IL and MI are very high on this list as well.

Whoops.

[Cigar]

... show me an business owner who thinks paying it's employees the least creates higher productivity rates and lower turnover, and I'll show you a complete moron.

Here's an undeniable and unstoppable FACT:
Higher-Wages are overwhelming supported by the majority of North America and American Voters and it will get increased ... soon!

Bank on it ... :wink:


http://upload.democraticunderground.com/imgs/2014/140306-raising-the-minimum-wage-will-lead-to-disaster-or-not.jpg

Oh BTW ... remember who increased the Minimum Wage by more than 90% of Republicans ... that's right ... George W Bush :tongue20:

[Captain Obvious]

I actually wrote a piece on state by state comparison of the minimum wage. One thing you'll find in come with state have higher than average minimum wages: Lowering Productivity and Higher Turnovers

Data from the BEA (http://www.bea.gov/iTable/iTableHtml.cfm?reqid=70&step=10&isuri=1&7007=2012,2011,2010,2009,2008,2007,2006&7093=percentchange&7090=70&7010=0&7035=-1&7036=-1&7001=1200&7002=1&7003=200&7004=naics&7005=101&7006=05000,06000,13000,27000,32000,36000,40000,410 00,44000,48000,53000,56000):



GDP by state (current dollars)


Percent change from preceding period


State
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012


Arkansas
5.98
3.92
2.97
-0.84
3.66
3.28
2.82


California
6.47
4.04
1.58
-4.31
1.46
3.45
4.95


Georgia
4.78
5.01
1.19
-2.56
2.04
3.84
3.86


Minnesota
3.03
3.41
3.45
-1.72
4.26
4.25
5.27


Nevada
8.1
7.62
-0.91
-6.71
1.4
3.67
3.22


New York
7.35
4.45
0.32
0.07
5.18
2.91
3.12


Oklahoma
9.66
6.21
9.15
-7.27
3.92
5.7
3.14


Oregon
11.48
4.5
4.73
-1.97
5.82
4.11
5.14


Rhode Island
5.12
1.81
-0.13
0.45
2.38
1.75
3.1


Texas
8.86
8.82
5.39
-5.71
7.59
7.69
5.78


Washington
7.45
8.32
2.65
-0.34
3.04
4.19
5.23


Wyoming
17.21
9.56
15.26
-11.38
5.89
4.75
0.61


And Unemployment rate:



Unemployment by State


State:
2005 – 2006
2006 – 2007
2007 – 2008
2008 – 2009
2009 – 2010
2010 – 2011
2011 – 2012
2012 – 2013


Arkansas
5.2
5.1
6.4
7.8
8.0
7.6
7.1
7.4


California
4.9
5.8
9.2
12.3
12.2
11.2
9.8
8.3


Georgia
4.5
5.1
8.1
10.4
10.2
9.5
8.7
7.4


Minnesota
4.4
4.8
6.5
7.7
7.0
5.8
5.4
4.6


Nevada
4.2
5.2
9.2
13.3
13.8
12.3
9.8
8.8


New York
4.3
4.7
6.7
8.9
8.3
8.4
8.2
7.1


Oklahoma
4.2
3.6
4.8
7.2
6.4
5.6
5.1
5.4


Oregon
5.2
5.2
9.2
11.0
10.2
9.2
8.3
7.0


Rhode Island
4.9
6.0
9.4
11.8
11.5
10.9
9.9
9.1


Texas
4.5
4.4
6.0
8.2
8.2
7.4
6.2
6.0


Washington
4.8
4.6
7.1
10.2
9.7
8.7
7.5
6.6


Wyoming
2.9
2.6
3.9
7.5
6.5
5.8
4.9
4.4



So you tell me? If the minimum wage is supposed to be so great, why to all of the states with minimum wages below the Federal Level have higher productivity rates and lower turnover?

Oh, God forbid if anyone inject some facts and understanding into why something occurs.

You're supposed to take it at face value and just assume that it's a product of progressive ideology working instead of the unexpected outcome it really is.

[Captain Obvious]

And of course this doesn't take into account that Washington is one of the major destination states for people living CA who want to remain on the west coast.

The usual shallow Cigar source and research. Trouble is, he actually believes this stuff. BTW, Cigar, you might want to check that list of NE states pushing for high miinimum wages with the list of top ten states with net outmigration. You know, like CT, NY, ME. Of course IL and MI are very high on this list as well.

Whoops.

Another Cigar drive-by special.

:biglaugh:

[AmazonTania]

... show me an business owner who thinks paying it's employees the least creates higher productivity rates and lower turnover, and I'll show you a complete moron.

Here's an undeniable and unstoppable FACT:
Higher-Wages are overwhelming supported by the majority of North America and American Voters and it will get increased ... soon!

Bank on it ... :wink:


http://upload.democraticunderground.com/imgs/2014/140306-raising-the-minimum-wage-will-lead-to-disaster-or-not.jpg

Oh BTW ... remember who increased the Minimum Wage by more than 90% of Republicans ... that's right ... George W Bush :tongue20:

We can make state by state comparisons between Washington and the State with the lowest minimum wage in the union, and I'm sure people would love that, but the facts already speak for themselves. Washington has one of the higher turnover rates in the union, and it's productivity is still on par with states with much lower minimum wages, such as Texas and Minnesota.

Also Texas has an annualised growth of employment at 2.7%, while Washington has an annualized growth of 2.2%.

http://beta.bls.gov/maps/cew/US?period=2013-Q2&industry=10&pos_color=blue&neg_color=orange&Update=Update&chartData=3&ownerType=0&distribution=Quantiles#tab1

Why exactly is the minimum wage good for jobs if states with lower minimum wage have the same level of job growth and productivity, and yet, none of the turnover?

[Blackrook]

I'm not sure why Obama is pushing for an increase in the minimum wage, when there is absolutely no change the GOP-controlled House would vote for it. It seems to me he could be devoting his time to something more useful, like an idea that people could agree on.

[Mainecoons]

Politics my man, politics. Make the Republicans look like the bad guys for saving all these jobs that will go away when made uneconomic by government fiat.

[Peter1469]

Obama was out giving minimum wage speeches while Putin was consolidating Russia's hold on the Crimea.

[Blackrook]

I keep reading headlines about businesses losing money and laying off thousands of workers, and Obama wants to raise the minimum wage NOW?

That's like trying to save a sinking lifeboat by knocking another hole in the bottom.

Obama must be insane, it's the only explanation.

[Bob]

WTF did Obama think would come of his taking American hard earned money and handing it over to the thug regime that illegally took over Ukraine?

I get a kick out of Obama.

People in Crimea actually voted to have a public referendum to stay or leave Ukraine yet Obama declared it is not legal.

But the thugs now in charge of Ukraine who shot at the cops of the city of Kiev are just legal people per Obama.

That man beats all I ever heard.