Posted on 06/26/2017 12:37:01 PM PDT by Oldeconomybuyer
A new minimum wage study suggests Seattle's quest for a $15 minimum wage may not be completely painless.
Not all is rosy in Seattle as the city gradually pushes to raise the minimum wage to $15 per hour, according to a new study that suggests hiring and the number of hours worked among lower-wage employees took a hit last year as minimum pay rose.
The National Bureau of Economic Research unveiled a working paper on Monday that found the number of hours worked in low-skill professions dropped more than 9 percent in Seattle during the first three quarters of last year, while low-wage jobs declined by 6.8 percent, or by more than 5,000 positions.
That all coincides with Seattle raising its minimum wage to $13 per hour in 2016 amid the city's gradual push to boost floor-level pay to $15. The University of Washington researchers who authored the study pointed to this wage increase as the root cause of the hourly and employment declines.
Indeed, the study found that the net cons of the minimum wage uptick outweighed the pros by a measure of three-to-one and that low-wage workers lost an average of $125 per month as a result of the ordinance, which increased hourly wages by 3 percent while dragging on payroll totals and hours worked.
(Excerpt) Read more at usnews.com ...
Biggest group of pajama boys and lesbian man haters I’ve ever seen.
I have never believed that the minimum wage accomplishes anything but those who believe it works should be asking for at least $1500. an hour. Of course the true believers would say that is ridiculous but they are somehow certain that $15. is the right amount.
That calls for a piping hot cup of DUH.
Seattle could get away with this only because the largest “Seattle” employers - Microsoft, Paccar (Kenworth), Boeing, etc. - are actually in the suburbs such as Redmond, Bellevue, and Renton.”
Amazon is in downtown Seattle, though, and their employees are buying condos and renting apartments in the city.
They need fast-food and other café and restaurant workers to provide for their in-city lifestyle.
Guess Bezos better buy some robots to care for his flock.
For every action there is an equal AND OPPOSITE REACTION.
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