by Dave Blount | June 27, 2017 3:34 pm
Seattle has taken the lead in hiking up minimum wage. Considering the city’s growing economy and low unemployment, if higher minimum wage doesn’t work there, it won’t work anywhere. The results are in. Minimum wage doesn’t work there:
Seattle’s first-in-the-nation $15 per hour minimum wage law is hurting the workers it aimed to help, a new study has found.
The working poor are making more per hour but taking home less pay. The University of Washington paper asserts the new wages boosted worker pay by 3 percent, but also resulted in a 9-percent reduction in hours and a $125 cut to the monthly paychecks.
The law also cost the city 5,000 jobs, the report said.
But this no reason for other cities (and whole states like California) to refrain from following suit. A mental defective could figure out that artificially raising the cost of unskilled labor doesn’t help the poor. It just makes the poor more numerous, by sawing off the bottom rung of the economic ladder. This helps Democrats, who cater to those reliant on government handouts, and who can be expected to impose exorbitant minimum wage at the national level as soon as they are back in power.
On a tip from Bodhisattva. Cross-posted at Moonbattery.
Source URL: https://rightwingnews.com/minimum-wage/study-seattles-high-minimum-wage-hurting-low-wage-workers/
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