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The results were clear. Of the nearly two dozen federal minimum-wage hikes since 1938, total year-over-year employment actually increased 68% of the time. In those industries most affected by the minimum wage, employment increases were even more common: 73% of the time in the retail sector, 82% in low-wage leisure and hospitality. When workers have more money, businesses have more customers and hire more workers. That is the virtuous cycle that has always described the way market economies…

The results were clear. Of the nearly two dozen federal minimum-wage hikes since 1938, total year-over-year employment actually increased 68% of the time. In those industries most affected by the minimum wage, employment increases were even more common: 73% of the time in the retail sector, 82% in low-wage leisure and hospitality. When workers have more money, businesses have more customers and hire more workers. That is the virtuous cycle that has always described the way market economies…

...so, the people who are upset at the idea of fast food workers making $15 hr are not looking at this right.  The minimum wage should be $15 hr and people who have gone to college to get a degree should be making $26.  It's time we get mad at the right people and stop fighting each other.

...so, the people who are upset at the idea of fast food workers making $15 hr are not looking at this right. The minimum wage should be $15 hr and people who have gone to college to get a degree should be making $26. It's time we get mad at the right people and stop fighting each other.

Another simple explanation of how economics actually works. And remember how great the economy was under Clinton? Remember the budget surplus?

Another simple explanation of how economics actually works. And remember how great the economy was under Clinton? Remember the budget surplus?