D. Politopolous here again, reporting to you on yet another journey into conservative media. I took a look at segments regarding the minimum wage in America. What I got was a lot of the same or similar reactions from conservative correspondents for the most part.
To begin with, I noticed that with nearly every video I have viewed, they speak on the minimum wage being raised from $7.25 to $9-10 dollars an hour and how it will lead to an increase in unemployment and a resultant collapse in the economy. The same reaction is blowing this measure out of proportion by comparing raising the wage to $20, $50, several hundred, or even
thousands of dollars. This is shown to be false here, as if you take a look at the minimum wages of the individual states,
the states with wages above the national standard show a decrease in the unemployment rate for teens specifically from 16-19.
-California at about $9 an hour showed a decrease in teen unemployment by over 7% from 2011-2014. New Jersey at $8.38 showed a 7.5% decrease, and Washington State showed a 3% decrease at $9.47. New York as well showed a near 4% decrease in teen unemployment at $8.75 an hour.
-Pennsylvania however, one of the states that remains at the national standard of $7.25, showed an increase in teen unemployment at near 4% from 2011-2014. Alabama, also at $7.25, showed an increase of nearly 6% in unemployment. Oklahoma showed an increase of about 2% at $7.25, and
Now this seems to make compelling arguments does it not? However, one should look at all the numbers first before concluding. When looking at the remaining 21 states still at the national standard, the unemployment rate for teens increased from 2011-2014 for only four of these states: Alabama, Oklahoma, Pennsylvania, and South Carolina. Alaska saw no visible change at 0%. The remaining 17 states saw some level of decrease, with rates ranging from below 1% to near 14%. I find these findings to be inconclusive on this current matter, and thus I will look into it more on a future post.
Furthermore, one segment had raising the minimum wage to that standard will "magically" result in more prosperity among many Americans. Washington State is a prime example of why this cannot be true. The US still sets a minimum wage every few years manually, while Washington State pioneered increasing by inflation index. Washington's minimum wage is higher than the national average and unemployment is lower than the national average, yet the still have a high population below the poverty line. A wage of $9.47 is still a very low wage to try and survive off of, and many residents of Washington are still poor. Therefore, a slight raising of the wage, contrary to conservative belief, is not likely to bring any sufficient level of prosperity to citizens.
Now here is a little something that I did not expect.
Bill O'Reilly of all people advocating for the raise of the minimum wage in this clip of a Fox News segment. If Bill O'Reilly is even on the side of raising the minimum wage, then there must be a compelling argument here to do so.
That is all for this post, as it is getting quite lengthy. I shall return again soon, as many questions here have yet to be answered and many aspects of this argument have yet to be covered. Until then this is D. Politopolous on recess.