It's early yet regarding the effects of the county penalizing businesses and consumers with their artificial inflation shenanigans, but to consider: The average monthly rate of unemployment in Johnson County in 2015 according to Iowa Workforce Development statistics was 2.6%. That's great and a pretty darn low rate right!? And sure, there are tangibles besides a minimum wage hike that can effect an unemployment rate, this area is after all pretty much a state taxpayer run economy.... But again, consider this: The average monthly rate of unemployment in Johnson County so far in 2016 is 2.9%, after the county government forced wage hike to $8.20/hr on Nov. 1, 2015. We have yet to feel the repercussions of the "You MUST pay!" $9.15/hr on May 1, 2016, but given the data history of cities like Seattle that have enacted government-forced wage hikes, it will mean another increase in the jobless rate. And never mind the rise in area prices for consumer goods....... That cup of coffee from the non-chain establishment, that breakfast at your favorite LOCAL eatery, that trinket or knickknack at the Mom & Pop shop. Don't worry, if you haven't already experienced a price hike or two, you will, and then-some.
"But, wait a minute!" you say.
"Isn't that unemployment rate going the wrong way?"
"But, but, supervisors said the opposite would happen!"
Yep, all true.
Things that make you go hmmmmm......... And see, I told you so......
This story is developing.... Like I said, it's early in the government-telling-local-businesses-how-to-pay-wages game. But remember, county supervisors like Rod Sullivan PROMISED us that more jobs would be created with a forced wage hike. He PROMISED us that artificially inflating pay would mean increased buying power. He PROMISED us that government telling businesses how to go about their business would stimulate the local economy.
So far, that hasn't been the case.
Stay tuned, more monthly unemployment rate information is pending, along with consumer price data!
Pssst, hey Rod, government forced higher minimum wage increases cause unemployment. They also cause UNDER-employment, which is many ways, is an even worse thing. You're not fixing anything, you're actually making matters worse.