On Wed, 5 Aug 2015 13:32:42 -0700 (PDT), "
wrote:

On Wednesday, August 5, 2015 at 3:11:35 PM UTC-4, Ed Huntress wrote:

Show us what has happened after minimum wages were increased in the

You have a period of inflation, and then a minimum-wage hike to try to
past.

Here, I'll help you out. Wages are scaled to show the relationship:

https://research.stlouisfed.org/fred...raph_id=249218

I think that one got buggered. Try this one:

https://research.stlouisfed.org/fred...8&updated=4913

--
Ed Huntress

That one looks more like raising the minumum wage caused recessions.

Then you need to take a closer look at minimum wage increases and GDP:

https://research.stlouisfed.org/fred...raph_id=249246

There were two wage increases in '91. GDP climbed after the first, and
then climbed again after the second.

There were wage increases in '96 and '97. GDP went up after each one.

There were two wages increases in 2009. GDP climbed after each one.

On the other side, there was a wage increase in 1990. GDP went down.

You know what happened after 2007; wages weren't involved. Jobs were
hardly involved. g

So, as I said earlier, it's mixed. But minimum wage increases were
followed by GDP growth more often than not over the last 35 years.

--
Ed Huntress


Dan