Here is a great factual article from another poster
6 Ways A $12 Minimum Wage Would Help The Economy
Here are some key takeaways from the report:
1.More than 700,000 American workers would be lifted out of poverty
More than 1 million retail workers and their family members live in or close to poverty. By raising the minimum wage of full-time workers to the equivalent of $12.25 per hour, 734,075 people would be lifted out of poverty and an additional 769,191 people living near the poverty line would see their incomes rise to more than 150 percent above the poverty line.
2.GDP would rise by as much as $15.2 billion
A wage increase to $12.25 an hour would impact more than 5 million workers and their families. As these families have access to more money, they will spend more, translating to as much as $15.2 billion in new economic activity, according to Demos.
3.132,000 new jobs could be created
If the increase in economic activity reached $15.2 billion, retailers would need 132,000 new employees.
4.The wage increase would actually only cost retailers about 1 percent of total sales
Large retailers would need to absorb the higher labor cost for the 3.5 million workers earning less than $12.25 per hour. But according to Demos, most of this increase in costs would be returned to the firm in the form of productivity gains and increased revenues, amounting to only 1 percent of their total yearly sales.
5.It would generate as much as $5 billion in additional retail revenue
In fact, assuming that low-income families spend rather than save the money from the wage increase, retailers could expect at least 20 cents in new revenue for every additional payroll dollar. That would have added up to as much as $5 billion in 2012.
6.The average shopper would pay just 15 cents more per shopping trip at most
Even if the nation's largest retailers decided to pass off the cost of a $12.25 minimum wage increase entirely to customers, Demos found that an average household would spend just 7 to 15 cents more per shopping trip.
I also read the article and stats you posted in USA today. I guess this must infuriate the right wingers as this disproves the Chicago nonsense that they have been posting for years. It does however prove that strong gun laws in fact work. View Comment
As investigators begin to piece together what led to a deadly commuter train derailment Sunday, former Secretary of Transportation Ray LaHood decried a lack of investment in the nation's transportation infrastructure.
“We haven’t made the investments,” LaHood said on MSNBC's "Morning Joe," adding that the fatal crash demonstrated what was wrong with infrastructure through the nation.
http://usnews.nbcnews.com/_news/2013/12/02/21719265-new-york-train-crash-50-year-old-transit-systems-in-urgent-need-of-upgrade-lahood?lite View Comment
Can you please do your job and deal with the spam from M3-Driver. If you look at his posts on this very important article you will see that they are in violation of the TOS and are attacks on other posters. This is an everyday event. View Comment