Barring another extension of Gov. Ned Lamont’s executive order, Connecticut’s 10 cent tax on single-use plastic grocery bags will return on Wednesday, July 1. Lamont initially suspended the plastic bag tax until May 15 in response to concerns that reusable shopping bags might put grocery store workers at risk of ...
Hold Off on Minimum Wage Celebration
You can expect some liberal populist triumphalism about the fact that, over the last six months, the 13 states that raised the minimum wage gained jobs faster than the states that didn’t.
It’d be great if that turned out to be true, always and forever.
But any celebrating now is premature. Here’s why:
First, as the linked article notes, even the economists who support a higher minimum wage as a policy matter acknowledge that there’s no cause and effect, noting there are many possible reasons that certain states’ hiring might have quickened.
Second, six months is a pretty short snippet of time. Indeed, a prominent study found that other studies that attempted to show that there was no adverse hiring impact on minimum wage hikes could do so only by using a certain statistical method — or looking (as here) at very short time periods.
Third, the real tragedy in our economy isn’t the amount of the minimum wage. It’s that:
(1) An increasing percentage of jobs are only part-time (when lefties herald new jobs being “created,” they conveniently omit the fact that they’re not full-time) and
(2) The historically low participation in the labor market, with only 47.7% of adults working full-time; and
(3) Historic levels of long-term unemployment.
The Connecticut Department of Revenue Services paid more than $12 million in interest for tax refunds totaling nearly $5 million because they withheld those refunds for upwards of seven years, according to a new audit. The audit listed tax refunds from years 2014 through 2018 and found that late returns ...