Category: Wages

Comparing Minneapolis wages to wages in North Minneapolis

TSS Admin

As Aristotle explored in his Metaphysics: Book Delta, the parts of something, say the parts of a city, are divisions of the whole that can be differentiated from one another by quantification or by qualification. In the sense of quantifying, North Minneapolis can be differentiated from Minneapolis by observational data, for example, unemployment rates, education rates, and wages.

In the sense of qualifying, North Minneapolis can be differentiated by recognition of area. But it should be noted that the geography of North Minneapolis is still the geography of Minneapolis. It is just a recognition of a specified area, which is not Northeast Minneapolis, South Minneapolis, or Southwest Minneapolis.

Furthermore, North Minneapolis is broken down further by quantification and qualification into area codes: 55411 and 55412. Thus, the 55411 and 55412 zip codes are distinguishable by name and specific geography, this is obvious, and by observational data.

For example, previous articles in this blog have shown the 55411 zip code to be the zip code with the highest number of reported crimes in North Minneapolis; whereas, previous articles in this blog have shown the 55412 zip code to be the zip code with the highest number of foreclosures over the past decade.

Graph 1

Utilizing this systemic approach, the wages between Minneapolis and North Minneapolis, specifically the 55411 zip code, can be differentiated and analyzed.

Thus, are the dynamics of the wages (how wages change over time) shown to be relatively equal to one another? Are the dynamics of the wages of the 55411 zip code shown to be greater than Minneapolis? Or are the dynamics of the wages of the 55411 zip code shown to be less than Minneapolis?

As Graph 1 illustrates, we can see that the wage rate of Minneapolis is steeper than the wage rate of the 55411 zip code in Graph 2. And we’re not just eyeing this. We can see this distinctly via the linearization equations in Graph 1 and Graph 2.

The linearization equation in Graph 1 (y = 6.4152x + 1083.1) shows a rate of 6.4 and the linearization equation in Graph 2 (y = 2.2805x + 823.6) shows a rate of 2.3, if both rates of change are rounded-off. Obviously, 6.4 is greater than 2.3, and by quite a bit. Why is this important?

Graph 2

Dynamically (how wages change over time), this shows the wages of Minneapolis are growing at a greater rate than the wages of the 55411 zip code. Of course, these equations also show that the average weekly wages of Minneapolis are between $250 and $300 higher than the 55411 zip code.

This little bit of information ought to provide policy makers with some much-needed direction to create and apply economic policy. Of course the operative modal verb is “ought to.”

So do you think local policy makers would consider differentiating between the part and the whole when creating economic policy? Or do you think local policy makers would just create and apply the same policy for both the part and the whole?

 

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Minimum wage increases in 12 states as of January 1, 2017

By Matt Johnson

According to the National Conference of State Legislatures, 12 states raised their minimum wage as of January 1st. New York increased its minimum wage by $2, which was the most of the 12 states. And Arizona increased its minimum wage by $1.95, which was the second most of the 12 states.

Who will benefit from these minimum wage increases? This question may not be so obvious.

State Minimum Wage as of 12/31/16  Minimum Wage as of 1/1/17
Arizona $8.05 $10.00
Arkansas $8.00 $8.50
California $10.00 $10.50
Colorado $8.31 $9.30
Connecticut $9.60 $10.10
Hawaii $8.50 $9.25
Maine $7.50 $9.00
Massachusetts $10.00 $11.00
Michigan $8.50 $8.90
New York $9.00 $11.00 (Increased on 12/31/16)
Vermont $9.60 $10.00
Washington $9.47 $11.00

 
Nationally, odds are a minimum wage employee is white, female, between the ages of 16 to 24, and works part-time. As the Bureau of Labor Statistics and Pew Research report, minimum wage workers are

Disproportionately young: 50.4% are ages 16 to 24; 24% are teenagers (ages 16 to 19)…Mostly (77%) white; nearly half are white women…Largely part-time workers (64% of the total).

Something to keep in mind. Raising the minimum wage doesn’t address unemployment amongst black Americans or other non-whites (with the exception of Asians; very few participate in minimum wage jobs); it doesn’t address their participation rate in the market place; and it certainly doesn’t address black business, which doesn’t even have the economic horsepower to compete with white business. So what do these new minimum wage laws address?

If these 12 states follow national trends, then these new laws will address lower wages amongst new white workers entering the labor force.

Attention all white teenage girls and women between the ages of 16 and 24 who are working a minimum wage job! Rejoice! Your wages have just gone up.

 

Matt Johnson is a writer for The Systems Scientist and the Urban Dynamics blog; and is a mathematical scientist. He has also contributed to the Iowa State Daily and Our Black News.

You can connect with him directly in the comments section, and follow him on Twitter or on Facebook

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