skip to main content
skip to newscasts

Saturday, November 16, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump's RFK Jr pick leads to stock sell-off by pharmaceutical companies; Mississippians encouraged to prevent diabetes with healthier habits; Ohio study offers new hope for lymphedema care; WI makes innovative strides, but lags in EV adoption.

view newscast page
play newscast audioPlay

Matt Gaetz's nomination raises ethics concerns, Trump's health pick fuels vaccine disinformation worries, a minimum wage boost gains support, California nonprofits mobilize, and an election betting CEO gets raided by FBI.

view newscast page
play newscast audioPlay

Lower voter turnout in cities, not the rural electorate, tipped the presidential election, Minnesota voters OK'd more lottery money to support conservation and clean water, and a survey shows strong broadband lets rural businesses boom.

Minimum Wage Myths – Who in Arizona Needs a Raise?

play audio
Play

Friday, September 6, 2013   

PHOENIX – Fast-food workers are agitating for a raise and some in Congress are pressing to increase the minimum wage.

But what would the actual economic impact be of a boost for the lowest-paid workers?

Critics charge that raising the minimum wage would mostly help teenagers, but there are economists who say that's largely a myth.

David Cooper, an economic analyst with the Economic Policy Institute, looked at who would get a bump in pay if the hourly minimum went up to just over $10, as one bill in Congress proposes.

Cooper found it would be mostly the working poor, including a large portion of single mothers.

"The reality is that the average age of these workers is 35 years old,” he says. “The majority of them are women, a little over a quarter have children and 55 percent work full-time. This is their full-time job."

Almost 600,000 Arizonans would see their pay increase if the federal minimum wage went up to $10.10 an hour.

Another common criticism is that raising the minimum wage would increase unemployment.

Cooper says that was the conventional wisdom, until a series of studies in the 1990s compared states that raised their minimum wages with others that had not.

He says the first looked at border counties between New Jersey and Pennsylvania.

"What they found was that in New Jersey, where the minimum wage was raised, employment actually went up relative to Pennsylvania,” he adds, “the direct opposite of what the textbook model would suggest."

Cooper says other studies have also confirmed that raising low-end wages doesn't increase unemployment.

And he says economists found that a higher minimum wage improved productivity, reduced turnover and absenteeism and boosted morale among low-wage employees.

Plus, he says, the new wages have a ripple effect on the local economy, because most minimum-wage workers have to spend every dime they make.

"Maybe they needed to buy a new car,” he explains. “Now that they're making a little more money, they can afford to make a payment plan, so they go and they buy that new car. That not only benefits the car manufacturer, but it also benefits the local dealership."

Cooper's figures show raising the federal minimum wage to $10.10 an hour would boost the pay of a full-time Arizona minimum-wage worker by roughly $200 a month.





get more stories like this via email

more stories
Wisconsin will receive $78 million over five years from the federal government to expand electric vehicle improvements. It plans to have all new charging stations up and running by 2025. (Adobe Stock)

Environment

play sound

Electric vehicles have seen a nationwide uptick, yet Wisconsin lags behind - with EVs making up only about 1% of all cars on the road. …


Social Issues

play sound

Almost 1,000 University of Michigan Health-Sparrow nurses and other health-care professionals, as well as union supporters, rallied outside the …

Social Issues

play sound

New York City residents approved three of Mayor Eric Adams' four charter reforms in last week's election. But how many realized what they were voting …


play sound

Some sectors have made gains in Minnesota in reducing greenhouse-gas emissions. Progress has been slower for agriculture, but those pursuing …

FBI and BJS data show dramatic declines in U.S. violent and property crime rates since the early 1990s. (Generated with AI/Adobe Stock)

Social Issues

play sound

New federal data show aggravated assaults are up in Kentucky by 7.2%, but other types of violent crime have gone down. Overall, violent crime in …

play sound

Ohio is leading the way in new research that may help those affected by lymphedema. Lymphedema is a chronic condition that causes painful swelling …

Environment

play sound

Construction is scheduled to begin early next year on improvements to railroad infrastructure in and around Illinois' capital city. Springfield has …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021