Saturday, December 3, 2016

Repugs Yet Still More Than Ever Before Dead Wrong About Raising Minimum Wage

Only the latest of dozens of studies to show the same damn thing: small businesses and communities benefit from hiking the minimum wage.
It’s good to see that Seattle is maintaining a tradition of liberal empiricism: they raised the minimum wage there a few years ago, against conservative howling that it would destroy the local economy. They’ve now acquired enough data to test that prediction, and guess what? The conservatives were full of it.
The unemployment rate in the city of Seattle – the tip of the spear when it comes to minimum wage experiments – has now hit a new cycle low of 3.4%, as the city continues to thrive. I’m not sure what else there is to say at this point. The doomsayers were wrong. The sky has not fallen. The restaurant business, by all accounts, is booming (in fact, probably reaching a saturation point when one looks at eateries per capita). I think it’s safe to say we’ve got enough data – over almost two years now – to declare that Seattle has not suffered adverse consequences from its increases in the minimum wage, and has certainly not experienced the dire effects foretold by the anti-min wage crowd.
Not that evidence matters to that group. Nor, unfortunately, to very many voters in the homeland.

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