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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Ernie Tedeschi‏ @ernietedeschi 24 Apr 2019
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      I'm in @UpshotNYT today with a piece about the US minimum wage. The federal minimum has been $7.25 for almost a decade now, but thanks to states & cities, the average minimum wage is closer to $12.https://nyti.ms/2ZESPBw 

      8 replies 97 retweets 224 likes
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    2. Ernie Tedeschi‏ @ernietedeschi 24 Apr 2019
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      When adjusting for inflation, it's very likely the $12 effective minimum wage we see today is the highest in US history.pic.twitter.com/0VZj8jJX9e

      17 replies 38 retweets 102 likes
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    3. Ernie Tedeschi‏ @ernietedeschi 24 Apr 2019
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      The pattern has dramatically changed over the last 5 years. Prior to 2013 or so, state & local minimum wage hikes were broadly only sufficient to keep the effective minimum treading water inflation-wise or against typical wages. Since then, they've proactively raised it.pic.twitter.com/U7NPsYCOBV

      3 replies 4 retweets 25 likes
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    4. Ernie Tedeschi‏ @ernietedeschi 24 Apr 2019
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      As a result, only about 10 percent of minimum wage workers today are bound by the federal level; as recently as 1998 it was 2/3. And a record share are bound by *local* minimum wages.pic.twitter.com/cI7QD2iwJZ

      2 replies 5 retweets 35 likes
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    5. Ernie Tedeschi‏ @ernietedeschi 24 Apr 2019
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      BONUS CHARTS NOT IN THE PIECE: And as you might imagine, having state & local governments drive minimum wage policy leads to a great deal of heterogeneity.pic.twitter.com/LOjNquzq7u

      2 replies 3 retweets 34 likes
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    6. Ernie Tedeschi‏ @ernietedeschi 24 Apr 2019
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      Minimum wage work is still rare in an absolute sense: only about 5% of all work paid hourly, and an even lower share if you include salaried work. So these minimum wage hikes are probably only having a very small effect on *overall* wage growth -- think ~10bp to Y-Y AHE. But...

      3 replies 5 retweets 30 likes
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    7. Ernie Tedeschi‏ @ernietedeschi 24 Apr 2019
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      ...(ANOTHER BONUS CHART) as you might imagine, they're far more important at the bottom. Growth in wages of minimum wage workers can explain between 1/4 and 1/3 of the real wage growth for workers in the bottom fifth since 2013 or so.pic.twitter.com/8GbIW2ZPPI

      5 replies 17 retweets 55 likes
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      Molson Hart‏ @Molson_Hart 30 Jul 2019
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      Replying to @ernietedeschi

      The minimum wage may be at an effective all-time high after adjusting for US CPI and local increases, but it has never bought less healthcare or education. https://medium.com/@mike_95126/the-workers-wage-an-alternative-to-increasing-the-minimum-wage-which-helps-low-wage-workers-ed1c35d4a0ab …pic.twitter.com/Wb1Mm6cVzA

      6:24 AM - 30 Jul 2019
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      • Jacques Moufette Matt Herzog Molson Hart supergranny 🌈✌🇺🇸
      1 reply 2 retweets 3 likes

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