Comments by "whyamimrpink78" (@whyamimrpink78) on "Fight For 15: Tens Of Thousands Hit The Streets To Fight For Living Wage" video.
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James Jamesbond
http://www.forbes.com/sites/timworstall/2016/02/19/seattles-15-minimum-wage-jobs-down-unemployment-up-this-isnt-working-is-it/#1df370ff3712
You cited forbes and so did I.
Michael Reich is known to support the min. wage. He is bias. His study if mainly projection and does not reveal anything yet. He also compared over unemployment when there are several factors that contribute to overall unemployment. The min. wage, as a whole, is low compared to the entire economy thus any negative results get lost in the statistical noise. When you look at target groups, such as teens, you seen a loss in jobs. Washington, for example, has one of the highest teenage unemployment rate and there is a trend with high min. wage and high teenage unemployment.
Another thing is that cost of living on those cities is high, thus it is a poor comparison to say that just because it works in cities of higher cost of living than it will work elsewhere.
Emeryville, CA the highest min. wage in the US. They are doing fine. They are also the home of Pixar who is their top employer. When you have a lot of workers earning $80,000 year at least than you can get away with a high min. wage. Emeryville's second largest employer is a pharmaceutical company.
In all there are several factors that control these outcomes. Reich, as usual, does not account for any of these.
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