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US states with higher minimum wages gain more jobs
US states that raised their minimum wages this year saw faster job growth in first 6 monthsWASHINGTON (AP) -- Maybe a higher minimum wage isn't so bad for job growth after all.
The 13 U.S. states that raised their minimum wages at the beginning of this year are adding jobs at a faster pace than those that did not, providing some counter-intuitive fuel to the debate over what impact a higher minimum has on hiring trends.
Many business groups argue that raising the minimum wage discourages job growth by increasing the cost of hiring. A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
http://finance.yahoo.com/news/us-states-higher-minimum-wages-070120506.html
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