Business does better when people have money to spend.
What was impact of Arizona voters' 2016 approval of #Prop206 hiking min wage from $8.05 to $10/hr 1/1/17?
Business leaders forecast doom
Data:
2016 avg wage: $23.99
Leisure/hospitality: $14.21
2017 avg wage 2017: $25.23
Leisure/hospitality: $14.95
Jobless rate: 5%-->4.3%
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Econ 101
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Excellent... give workers a better wage good things happen
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Until they get their new tax bill
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Garbage. Labor demand in highly inelastic. Additionally, spending is high and inflation has been low. The market needs time to adjust.
Bedankt, Twitter gebruikt dit om je tijdlijn te verbeteren. Ongedaan makenOngedaan maken
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What!? No systematic layoffs and rampant unemployment? So the politicians were wrong? CALL THEM OUT!!
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74 cents won’t buy much
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Is there anything more specific to Flagstaff? Didn’t they raise their minimum wage higher?
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It will gradually go up to $15 by 2021 and by 2026 raises for workers who accept tips will have their salary increased to $15. Here’s a link that explains it in detail http://www.flagstaff.az.gov/DocumentCenter/View/51419 …
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Love that
@Brahmresnik data-driven, factual journalism. Thanks for the focus & diligent work.
Bedankt, Twitter gebruikt dit om je tijdlijn te verbeteren. Ongedaan makenOngedaan maken
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Het laden lijkt wat langer te duren.
Twitter is mogelijk overbelast of ondervindt een tijdelijke onderbreking. Probeer het opnieuw of bekijk de Twitter-status voor meer informatie.