Raising minimum wage to $15 an hour reduces costly turnovers, new study finds

As it turns out, the affects of the minimum wage increase are more nuanced than previously espoused.

(Photo by David Ryder/Getty Images)
  • In 2017, a study came out that claimed raising the minimum wage to $15 an hour actually cost jobs.
  • The same researchers have published a new report this month, which offers new conclusions. Namely, that experienced workers have seen benefits from the pay increase.
  • The new data also suggests, simultaneously, that while there are less new entries into the Seattle workforce, companies have experienced a noticeable reduction in costly turnovers.
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Jeff Bezos defends spending billions on rockets over, say, poverty

At what point does spending billions on rocket technology seem irresponsible to those suffering on Earth?

SAN FRANCISCO, CA - OCTOBER 15: Jeff Bezos speaks onstage at WIRED25 Summit: WIRED Celebrates 25th Anniversary With Tech Icons Of The Past & Future on October 15, 2018 in San Francisco, California. (Photo by Matt Winkelmeyer/Getty Images for WIRED25 )
  • The private space enterprise he founded will be testing even more in the near future, with $1 billion investment by Bezos each year
  • He wants to be seen as "risk taking" and a "needle mover"
  • Watch Blue Horizon's escape module test
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Nearly every country wants universal healthcare (except for one)

Most other countries don't have universal healthcare because of poverty or war. Why does the U.S. keep clinging to a bad system?

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  • It's long been known that the U.S. is the only wealthy country without universal healthcare. But even significantly poorer countries also have some kind of universal healthcare system.
  • The reasons why the U.S. doesn't have a universal healthcare system are unique in the world but aren't insurmountable.
  • In order to join the rest of the developed world, the U.S. needs to realize that not having universal healthcare is something countries do out of necessity, not out of choice.
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These cities are the hubs of Africa’s economic boom

South Africa is no longer the only place on the continent that has urban wealth clusters

Image: Visual Capitalist
  • The wealth of Africans is projected to grow by a third over the next decade
  • The continent's wealth is agglomerating in a number of urban clusters, in the south, east and west
  • Wealth is collected in a few other places - isolated capitals and mini-clusters stretching from Morocco down to Angola
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How student loans stop Americans from marrying

Millennials would rather pay off their student debt than spend money getting hitched.

Photo: Ehud Neuhaus via Unsplash
  • High levels of Millennial student loan debt is slowing down marriage.
  • Half of millennials are still single at 34, while nearly 70% of boomers were married by their mid-30s.
  • New report explains the connection between debt and marriage.
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