States with Higher Minimum Wage Boast Faster Job Growth

October 14, 2020 0 By HearthstoneYarns

Adding fuel to the growing populist call for a higher minimum wage and throwing water on the conservative argument that fair pay will threaten employment, new data released Friday shows that states with higher wages are gaining more jobs.

According to an Associated Press analysis of the Labor Department’s latest hiring statistics, in the 13 states that raised their minimum wage at the beginning of 2014, the number of jobs grew an average of 0.85 percent from January through June—compared with just 0.61 percent in the remaining states.

“It raises serious questions about the claims that a raise in the minimum wage is a jobs disaster,” said John Schmitt, a senior economist at the Center for Economic and Policy Research. Schmitt added that although the data “isn’t definitive,” is is “probably a reasonable first cut at what’s going on.”