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$10 minimum wage will lift 5 million out of poverty


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2014 Jan 2, 11:40am   17,489 views  118 comments

by tovarichpeter   ➕follow (7)   💰tip   ignore  

http://www.huffingtonpost.com/2014/01/02/1010-minimum-wage_n_4532723.html

Monday from University of Massachusetts-Amherst economist Arindrajit Dube finds. That would bring about 4.6 million people out of poverty directly and reduce the ranks of the nation's poor by 6.8 million, accounting for longer-term effects. "What I found is very robust evidence that minimum wage increases tend to have a moderate reduction in the poverty rate." Dube said. A $10.10 minimum wage would help to reverse some of the damage done by the Great Recession. The economic downturn, which technically ended in 2009, and recovery have been marked by high unemployment and stagnant or falling wages. After the recession, many...

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118   indigenous   2014 Jan 5, 4:29pm  

JodyChunder says

indigenous says

Another point about minimum wage is that the jobs would simply go to China, oh that's right they did...

Nothing to do with minimum wage. Are you being intentionally facile or are you just ignorant? I really can't tell.

If the Americans were willing to work for the same wages why would the jobs go offshore?

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