You Are the Job Creator

I want to call your attention to <a href="https://justinwiltshire.com/high-minimum-wages-and-the-monopsony-puzzle" rel="noopener ugc nofollow" target="_blank">a new study of the $15 minimum wage</a> from researchers Justin Wiltshire, Carl McPherson, and Michael Reich. It’s one of the most important minimum-wage studies since the <a href="https://davidcard.berkeley.edu/papers/njmin-aer.pdf" rel="noopener ugc nofollow" target="_blank">breakthrough 1994 Card and Kreuger study</a> that proved raising the minimum wage doesn’t kill jobs, and it delivers some excellent news that has, in my opinion, been hugely underreported in the economic media. The report looks at 47 counties where the minimum wage has been raised to (or above) $15 per hour between 2009 and March 2022. These counties range across the economic spectrum, from extremely wealthy to below the average American wealth. Unsurprisingly, the study found that raising the minimum wage increases earnings within the county. This is to be expected: When workers earn more money per hour, their personal wealth grows. But <a href="https://twitter.com/JCWetCoast/status/1653843094394245124?s=20" rel="noopener ugc nofollow" target="_blank">Wiltshire explains on Twitter</a> that when the study drills down on the less wealthy counties in the study, “we estimate *large* and significant positive employment effects.” In fact, he writes, “These large minimum wage increases led to gains in both earnings *and* employment!” <a href="https://medium.com/civic-skunk-works/you-are-the-job-creator-29799f1d66b7">Visit Now</a>