Minimum wage laws are hurting Seattle

[jv_coach]

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[Englebert]

I think that study was conducted by Captain Obvious. And Seattle can't say they weren't warned. I'm guessing their elitist mentality got in the way of good judgement, which often seems to be the case with Liberals.

[LumRaiderFan]

Liberals are what's hurting Seattle...happens everytime they are in charge.

[jv_coach]

1 hour ago, LumRaiderFan said:

Liberals are what's hurting Seattle...happens everytime they are in charge.

Nirvana died 

[LumRaiderFan]

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From the article:

The city’s recently enacted minimum wage law is also having an impact on the housing problem. In 2014, Seattle’s extremely progressive City Council attempted to regulate prosperity by instituting a $15 minimum wage, to be gradually phased in.

Business owners warned about the economic impact the move would have, but not one person on the City Council listened. All voted for the job-killing regulation, showing no one on the Council has a basic understanding of economics.

This year the full $15 per hour minimum wage went into effect, but the impact was felt much earlier. A University of Washington team completed a study of worker pay, hours and benefits in Seattle last and found the law was a net loss for workers.

The study concluded: “Our preferred estimates suggest that the Seattle Minimum Wage Ordinance caused hours worked by low-skilled workers (i.e., those earning under $19 per hour) to fall by 9.4% during the three quarters when the minimum wage was $13 per hour, resulting in a loss of 3.5 million hours worked per calendar quarter. Alternative estimates show the number of low-wage jobs declined by 6.8%, which represents a loss of more than 5,000 jobs.”

Keep in mind this was before the full impact of the $15 per hour minimum wage could be felt, as the law only became fully implemented this year. The situation is going to get worse in Seattle.

[stevenash]

I am predicting a forthcoming "solution".  They will impose some sort of tax, payable by those who are not already paying their "fair share".

[LumRaiderFan]

23 minutes ago, stevenash said:

I am predicting a forthcoming "solution".  They will impose some sort of tax, payable by those who are not already paying their "fair share".

That is most likely their fix...what they really need up there are some conservatives.

[stevenash]

1 hour ago, LumRaiderFan said:

That is most likely their fix...what they really need up there are some conservatives.

Taxes and regulations are, from their perspective, the solution to all issues.