As Michigan’s economic comeback gains steam and the dismal decade of staggering job losses becomes just a bitter memory, along comes a group of people with good intentions – but terrible ideas – who would take Michigan backward. A coalition called Raise Michigan is launching a legislative initiative petition drive to raise Michigan’s minimum wage to $9.50 an hour. It’s a crowd-pleasing proposal for sure. The trouble is that it’s also a job-killing one.
Now let’s stipulate that academic research on the subject of how minimum wage increases effect employment levels are rather equivocal. It’s surprising that a subject that’s received this much attention has research findings that are so unclear. But let’s put that aside, because there’s actually little that studying minimum wage increases in the 70s, 80s and 90s can tell us. We’re simply in a different time.
Never has it been easier or more cost effective to substitute automation and self-service for employees. We see it all around us.
(4)Nuh Uh.
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