Monday, May 16, 2016

Ryan Looks at the Effects of Raising the Minimum Wage on Businesses and Consumer Prices

In this podcast, Ryan explains how a minimum wage of $8.10 will effect a slower growth of CPI than a minimum wage of $10.00 because businesses don’t have to pass that extra cost on to their customers, and it allows businesses to use that money that would otherwise be paid to employees to expand their company and employ more people.
Resources: Meer, J., & West, J. (2016). Effects of the Minimum Wage on Employment Dynamics. Journal Of Human Resources, 51(2), 500-522.
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&903=76 http://www.bls.gov/oes/CURRENT/oes_OH.htm#00-0000

Meer, J., & West, J. (2016). Effects of the Minimum Wage on Employment Dynamics. Journal Of Human Resources, 51(2), 500-522.

Kayla Cindric Discusses How Increasing the Minimum Wage to $15 will affect Employers

In this podcast, Kayla Cindric discusses minimum wage and how increasing the wage to $15.00 would affect the Dayton area. She interviewed, Jeremy Lutz, and employer who hires people to clean buildings and repair them and who understands how the increase of minimum wage will affect the economy in Dayton. The topic of the effects of increasing minimum wage was researched and opinions were formulated about the issue. Increasing minimum wage has benefits and negative effects for different positions in this economy.
Resources: http://www.bizjournals.com/dayton/news/news-wire/2014/03/06/do-most-small-business-owners-really.html http://www.bizjournals.com/dayton/news/2015/08/21/guest-column-wage-issues-a-concern-fordayton-area.html
http://www.bizjournals.com/bizjournals/washingtonbureau/2014/02/18/minimum-wage-increase-could-cost.html  
http://www.heritage.org/research/factsheets/2014/01/facts-about-the-minimum-wage

Articles: http://www.bizjournals.com/dayton/stories/1998/04/06/story6.html?s=print