Over the past decade, California has doubled its minimum wage for most workers to $16 per hour. A big concern over that time was whether the increase would cause some workers to lose their jobs as employers’ expenses increased.
Instead, data showed wages went up and employment did not fall, said Michael Reich, a labor economics professor at the University of California-Berkeley.
“I was surprised at how little, or how difficult it was to find disemployment effects. If anything, we find positive employment effects,” Reich said.
Quoted from the article and emphasis added for those with reading comprehension difficulties.
Wages got decoupled from profits many years ago. These sorts of increases are about bringing them back in line.
Well that’s very interesting plot twist, I’m almost concerned about as long as minimum wage grows higher and higher company tend to mass layoff it’s worker & replace the worker with robot equipment
But your explanation give glimpse of hope for everyone, maybe increase minimum wage it’s not bad at all
But let’s see how long it will last bc you know… companies only care about profits and profits
Quoted from the article and emphasis added for those with reading comprehension difficulties.
Wages got decoupled from profits many years ago. These sorts of increases are about bringing them back in line.
Well that’s very interesting plot twist, I’m almost concerned about as long as minimum wage grows higher and higher company tend to mass layoff it’s worker & replace the worker with robot equipment
But your explanation give glimpse of hope for everyone, maybe increase minimum wage it’s not bad at all
But let’s see how long it will last bc you know… companies only care about profits and profits