The Federal Minimum Wage rose three times from mid-2007 through mid-2009.
Result?
Earnings for the bottom 20%, those who are suppose to be helped most by a hike in the minimum wage, fell nationwide 6.4% (or $0.68 per hour) from 2009 through 2013, according to the LIBERAL Economic Policy Institute.
But in which State did income for bottom earners drop the least? TEXAS!
In which state did income for the bottom earners rise the most? NORTH DAKOTA!
What connects those two states?
An Oil Boom!
Essentially, the chart by the EPI proves that hiking the minimum wage nationwide did NOT help the bottom earners but good economic policies also trickles down to the lowest earners.
Despite this information, what does the EPI conclude from its own chart?
“This ongoing erosion of lower-income wages is one of the prime reasons that policymakers need to take swift action to support wage growth, such as increasing the federal minimum wage to $10.10.”
Agenda politics.
This chart is out for over a week but you did not hear about it because sane people in the MSM understand that this chart undercuts their #RaiseTheWage agenda.
What also amazes me about this chart is how the Democrats had the BRAZEN Chutzpa to attack the quality of jobs in TX when Rick Perry was trying to run for President.