Tuesday, November 1, 2016

For Low-Skilled Workers, Life Is Hard. Minimum-Wage Hikes Make It Harder

By Boston Globe, Oct 30, 2016 

ON CARPE DIEM, his lively economics blog, University of Michigan professor Mark J. Perry likes to use Venn diagrams to needle those who “do not have a strong need for intellectual consistency.” On topics ranging from drug prices to campus diversity to imports from China, he shows how common it is for people to simultaneously hold contradictory positions, oblivious to the fact that they are logically irreconcilable.

Perry’s latest diagram is a riff on two ballot initiatives facing voters in Washington state this Election Day. Initiative 732 would impose a statewide tax of $15 per ton on carbon dioxide in order to reduce greenhouse emissions. Initiative 1433 would increase the state’s minimum wage to $13.50 an hour in order to guarantee a “living wage” to all low-skilled workers.

Read More: http://www.bostonglobe.com

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