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

Friday, December 18, 2015

Drewing, Horton, Abridge Study the Effects of Increasing Minimum Wage

In this podcast, Shetasia Akridge, Lauren Drewing, and Christina Horton express their views and findings on the possibility or option of raising the federal minimum wage to $15 an hour. Their main focus is on how small businesses, including the employers and the employees, will be negatively affected. They interviewed Raymond Good, a local small business owner, about his personal perspective on the issues concerning the minimum wage and how his company could be affected by it. Overall, these group members learned that raising the minimum wage could have more negative results for employees of small businesses that are in a field with less profit and benefit from using automated equipment. This topic shows that the factors that they thought would be a simple adjustment are more complicated and daunting than they could ever imagine. 

Resources:  http://data.bls.gov/timeseries/LNS14000000
http://www.nsba.biz/wp-content/uploads/2012/05/Minimum-Wage.pdf
Articles:  http://manufacturingnews.com/news/10/0112/GM.html 
ohiolmi.com/ces/lmr.html
http://www.usnews.com/opinion/articles/2013/05/10/raising-the-minimum-wage-will-harm-economic-growth 

Melonie and Jake Look at Raising the Minimum Wage Above $10 Per Hour

In this podcast, Jake and Melonie investigate how raising the federal minimum wage above $10 would affect small business, their employees, and the Dayton area. While investigating, Jake and Melonie interview Dan Young, the owner Young's Dairy in Yellow Springs. Although they expected their results, Jake and Melonie realized how complex this issue really can be. 

Resources:  https://www.sba.gov/content/understanding-small-business-activity-state-level-0
https://www.sba.gov/category/advocacy-navigation-structure/frequently-asked-questions-about-small-business-finance
http://ohiolmi.com/laus/ColorRateMap.pdf
http://www.patchworknation.org/bankruptcies-per-1000-people,-2010_44
http://www.daytondailynews.com/news/business/98-percent-of-ohio-businesses-are-small-businesses/njHQ4/ 


Ben, Connor, and Keshawn look at Raising Minimum Wage to $15 in Dayton and the Effect on Unemployment Rate.

The following is a podcast that covers the topic of raising the minimum wage to $15. We researched the following topic using these websites: http://www.daytondailynews.com/news/business/economy/brown-wants-to-raise-minimum-wage-to-15-but-doubts/npKmL/ and https://mises.org/library/yes-minimum-wages-still-increase-unemployment. To get thorough research and a good point of view on this topic, we interviewed a local dentists who owns his own dentistry. 

Research: http://www.bls.gov/opub/ted/2014/ted_20140403.htm
http://www.bls.gov/cps/cpsaat44.htm

https://mises.org/library/yes-minimum-wages-still-increase-unemployment

Kameryn Looks at Raising Minimum Wage in Dayton

In this podcast, Kameryn talks the minimum wage and how a change would affect the Dayton area. He does this by interviewing Ray Wilcoxson, a Dayton small construction business owner, in the local area. Kameryn gets more insight on how minimum wages really affect a small business owner in this economy and gets some great information from it. Kameryn ends up learning a lot from this experience.

Resources: http://ohiolmi.com/ces/lmr.htm
http://www.dol.gov/minwage/mythbuster.htm
http://money.cnn.com/interactive/economy/minimum-wage-since-1938/
http://www.npr.org/2012/07/08/156458470/raising-minimum-wage-a-help-or-harm


Orlando and Johnson look at Raising Minimum Wage to $15 in Dayton

In this podcast, Orlando and Alan discuss raising the minimum wage to fifteen dollars an hour, as well as interview two custodial staff at DRSS and then discuss their point of view.

Research Link:  https://www.cbo.gov/publication/44995

News Articles: http://thinkprogress.org/economy/2014/02/18/3303201/cbo-minimum-wage/ 
http://www.nytimes.com/2015/08/13/upshot/what-a-15-minimum-wage-would-mean-for-your-city.html?_r=2