Comments by "whyamimrpink78" (@whyamimrpink78) on "The BEST Line Of MSNBC's Democratic Forum" video.
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+LTrotsky 21st Century A few things here:
1. The study says "What they found was that it did not have a big negative impact on those cities"
There was a negative impact though. That is the point, they admitted to the negative effect but never mentioned any positive effect. You have to realized that in the economy as large as the US is that $10 is small. That is why you can raise the min. wage and not see many negative effects because it all gets lost in the statistical noise. But if you were to raise it to $50/hr then it will have a larger role which is why no politician wants that.
When you look at groups effected by the min. wage the most, such as low skilled workers (teenagers for example) and businesses who pay low wages, you see higher prices and less hours. That is why teenage unemployment is going along with the min. wage.
2. You are looking at cities that already have a higher cost of living. The city with the highest min. wage is Emeryville, CA. It is home to Pixar, their largest employer. They have a lot of workers who earn at least $80,000/yr. They have a median income of $45,000 per household. Now compare that to my hometown which is mainly a rural area with a median household income of $29,000.
Those cities possess tech jobs that generate more wealth where rural areas don't. Just because is supposedly works in certain cities (which is debatable, San Fran. has extreme high cost of living) doesn't mean it will work elsewhere.
I can go on with the high cost of living. San Fran. has a home ownership rate of 36%, far below CA average of 55%, or the US rate of 63%. The cost of living is high there. A $10/hr wage is low compared to other areas of the country. It is like an obese person eating 10 pounds of candy a day and then eating 12 pounds a day a year later and seeing no weight gain. The situation was bleak to begin with.
Study more economics there. I will start with you own source you cited, they even admit there were negative results.
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