Remember how excited communist leftist Democrats were when Seattle (Washington’s San Francisco) decided to set their minimum wage to $15 per hour? Doesn’t look like that was a great idea. As if you couldn’t see this coming right??
| Seattle learning quickly, paying burger flippers $15 doesn’t work |
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New research released Monday by a team of economists at the University of Washington suggests the wage hike may have come at a significant cost: The increase led to steep declines in employment for low-wage workers, and a drop in hours for those who kept their jobs. Crucially, the negative impact of lost jobs and hours more than offset the benefits of higher wages — on average, low-wage workers earned $125 per month less because of the higher wage, a small but significant decline.
“The goal of this policy was to deliver higher incomes to people who were struggling to make ends meet in the city,” said Jacob Vigdor, a University of Washington economist who was one of the study’s authors. “You’ve got to watch out because at some point you run the risk of harming the people you set out to help.”
The paper’s findings are preliminary and have not yet been subjected to peer review. And the authors stressed that even if their results hold up, their research leaves important questions unanswered, particularly about how the minimum wage has affected individual workers and businesses. The paper does not, for example, address whether displaced workers might have found jobs in other cities or with companies such as Uber that are not included in their data.
You leftist filth in Seattle deserve all the troubles this $15 minimum wage is costing you. I have no sympathy for anyone, or any business in Seattle. They are a far left communist Democrat city. They reap what they sow. Suck it. I hope Seattle goes bankrupt.