Tuesday, January 18, 2022

Figures don't lie - raising the minimum wage doesn't result in few jobs!

Business and their political mouthpieces continue to put forth the argument that we shouldn't raise the minimum wage because it will result in job loses, particularly among low wage jobs. They have been promoting this lie for as long as I can remember, in fact for as long as there has been a minimum wage.

Numerous studies have demonstrated conclusively that this is a LIE. Now comes the latest study which compares two southern states which have a long common border, Virginia and North Carolina, one of which has been raising the minimum wage in stages to $15, the other which is still stuck at $7.25.

And, believe it or not, Virginia has seen MORE job growth overall and in low wage sectors of the economy.

For more detail check out the research from the folks at Carolina Forward. 

https://www.carolinaforward.org/blog/virginia-wages

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