5 ms·
True, but it pretty definitively refutes the hypothesis that raising the minimum wage to $15 would dramatically increase unemployment in any reasonable setting.
by danarlow 10y ago
True, but it pretty definitively refutes the hypothesis that raising the minimum wage to $15 would dramatically increase unemployment in any reasonable setting. That is an important result. Now can have a discussion about the costs and benefits without the fear mongering.
Also, here's the full article this blog is quoting: https://www.bloomberg.com/view/articles/2016-10-21/doomsayers-keep-getting-it-wrong-on-higher-minimum-wages https://www.bloomberg.com/view/articles/2016-10-21/doomsayer...
- icebraining 10y agoit pretty definitively refutes the hypothesis that raising the minimum wage to $15 would dramatically increase unemployment How so, if Seattle doesn't have a $15/h minimum wage? It'll only take effect in 2017, and even then, only for large employers that don't pay medical benefits. Under this law, the $15 wage will only be universal in 2021: http://murray.seattle.gov/minimumwage/ http://murray.seattle.gov/minimumwage/