Wednesday, April 8, 2015

Minimum Wage Wars- Lone Star Standing

Ah Texas.  Their state pride is like no other.  Many say that it is almost like a totally different country there (Which makes sense seeing as how they formerly were in history).  Texas being the largest continental state and second largest populated after California, they are quite the powerful state.

The largest red state in the Union, Texas boasts an enormous economy and history even before its introduction into the Union.  Its culture is rich and its money is large.  The Texas minimum wage rate is the federal standard of $7.25 per hour, therefore many of the statistics of living on this wage would be the same.  Texas has one of the lowest unemployment rates in the US at 4.3%.  That is better then both Washington and California, whom both have minimum wage rates at or above $9.00.  So what is the circumstance of the difference in unemployment between these three states?  Population?  Number of jobs available?  Losing jobs?

Many may attest this to a large number of migrant workers filing jobs that others will not take.  This theory is a bit flawed, as the number of migrant workers in Texas is half the size of California's at 375,000 against, yet California's unemployment rate is about 2.5% higher than Texas' with twice the population unemployed as well.  In addition, Texas's unemployment rate has been consistently under the national average since 2007.

More to come in the future.  Till then, D. Politopolous out.

No comments:

Post a Comment