Must-Read: David Atkins: Another Opportunity to Test Who is Right About the Economy
Must-Read: Another Opportunity to Test Who is Right About the Economy: “Both academic studies and everyday experience are increasingly showing…
(December 2014):…that voodoo economics just doesn’t work, even as Republicans double down on their fantasy budget scoring. Sam Brownback’s abject failure in Kansas is yet another data point, as is the exposure of red states that have over-relied on the fossil fuel economy while pretending their short-lived growth was the product of royalist economics. Well, now more progressive states will have an opportunity to prove out the advantage of demand-side economics once again with upcoming increases to the minimum wage:
The minimum wage will rise in 20 states and the District of Columbia… with the start of the new year…. In 11 states and D.C., the rise is the result of legislative action or voter-approved referenda…. The size of the hikes range from 12 cents in Florida to $1.25 in South Dakota. Among those states hiking the minimum wage, Washington state’s will be highest at $9.47. Oregon’s is next at $9.25….
I’m looking forward to the test, and expect good results.