Suitably Flip

Liberal Economic Policy In Action

Thanks to last month's increase in the minimum wage, many hard-working Arizonans can finally earn a living wage.

Those who haven't been laid off anyway.

Some Valley employers, especially those in the food industry, say payroll budgets have risen so much that they're cutting hours, instituting hiring freezes and laying off employees.
...
"I've had to go to some of my kids and say, 'Look, my payroll just increased 13 percent,'" he said. " 'Sorry, I don't have any hours for you.' "
...
The Employment Policies Institute in Washington, which opposed the recent increases, cited 2003 data by Federal Reserve economists showing a 10 percent increase caused a 2 percent to 3 percent decrease in employment.

Labor markets are rational - whoulda thunkit?

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Liberal Economic Policy In Action

Thanks to last month's increase in the minimum wage, many hard-working Arizonans can finally earn a living wage.

Those who haven't been laid off anyway.

Some Valley employers, especially those in the food industry, say payroll budgets have risen so much that they're cutting hours, instituting hiring freezes and laying off employees.
...
"I've had to go to some of my kids and say, 'Look, my payroll just increased 13 percent,'" he said. " 'Sorry, I don't have any hours for you.' "
...
The Employment Policies Institute in Washington, which opposed the recent increases, cited 2003 data by Federal Reserve economists showing a 10 percent increase caused a 2 percent to 3 percent decrease in employment.

Labor markets are rational - whoulda thunkit?