Oregon Indexes Min Wage, Sky Doesn't Fall
As 13th floor readers know, I believe that indexing the minimum wage to inflation would be an excellent way to get Democrats and Republicans to ...
As 13th floor readers know, I believe that indexing the minimum wage to inflation would be an excellent way to get Democrats and Republicans to stop arguing about it all the time. Turns out six states -- Arizona, Colorado, Missouri, Montana, Nevada and Ohio -- are voting on this very idea next week.
Today's WSJ weighs in on the issue with a look (free WSJ link today!)at how indexing has worked in Oregon since 2002. There is, of course, an example confirming the business lobby's worst fears: a restaurant owner says he hires fewer employees because his profit margins are squeezed.
But here's the money quote:
Oregon's experience suggests the most strident doomsayers were wrong. Private, nonfarm payrolls are up 8% over the past four years, nearly twice the national increase. Wages are up, too. Job growth is strong in industries employing many minimum-wage workers, such as restaurants and hotels. Oregon's estimated 5.4% unemployment rate for 2006, though higher than the national average, is down from 7.6% in 2002, when the state was emerging from a recession.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
Why Expanding Medicaid Doesn't Always Make People Healthier1 hour ago
Kansas Governor Urges Other States to Require Work for Food Stamps2 hours ago
Christie's Immigrant Tracking Plan Could Mean Bar Codes on People2 hours ago
In One of the Least Vaccinated States, Rates Are Improving2 hours ago
Louisiana's Annual Gun Tax Holiday Is This Weekend2 hours ago
Raging Wildfires Push Firefighting Budget to the Limits3 hours ago