On Wed, 5 Aug 2015 20:02:03 -0700 (PDT), "
wrote:

On Wednesday, August 5, 2015 at 5:16:16 PM UTC-4, Ed Huntress wrote:


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



According to the chart there were recessions at about the same time as the minimum wage increases. The grey bars indicate recessions where the GDP did not grow as you claim.

Dan

The GDP grew exactly as I said. If you can't read the graph, I'll pull
out the data for you.

--
Ed Huntress