Thursday Night Links
* Why Employers Won’t Fire People If We Raise The Minimum Wage To $9. But the picture isn’t all rosy:
1. Improving efficiency. An increase in the minimum wage may lead employers to encourage employees to work harder, since they’re now being paid more. Such an adjustment may be preferable to “cutting employment (or hours) because employer actions that reduce employment can ‘hurt morale and engender retaliation.’” A review of 81 fast-food restaurants in Georgia and Alabama found that “90 percent of managers indicated that they planned to respond to the minimum-wage increase with increased performance standards such as ‘requiring a better attendance and on-time record, faster and more proficient performance of job duties, taking on additional tasks, and faster termination of poor performers.’”
Only the brutal immiseration of low-wage workers can save us now!
* Facebook Paid No Corporate Income Tax Last Year, After Making More Than $1 Billion In Profits. I know, I know: Facebook makes money?
* FreedomWorks outdoes itself. Wow.