Seattle votes to raise the minimum wage to $15 a hour (companies, economy)

[HappyTexan]

Originally Posted by urbanlife78

If a minimum wage increase over 3-7 years forces a business to close, then they were already on the brink of failing.

Neither you nor I can predict the future of the economy of Seattle can we ?

[HappyTexan]

Originally Posted by Swingblade

I like how the states are taking the min. wage out of federal gvt hands and doing it on there own, IMO it is a state issue. I am hoping that the federal gvt lets them rise or fall on their own accord and there will be no bail outs. Now we have a experiment of liberal states raising the min wage and the whole country will be able to judge if it was a good move.

Will those states have increased UE? will the cost of living increase? will the people actually make gains, lose ground, or stay in the same place they were before? will business flock or abandoned the states? In a couple of years we will have the stats.

Some of them are already high COL cities like SF and Seattle.
I agree though with your statement about allowing cities and states to set their own wages.
Gives both people and business choices.

[armourereric]

Let's be progressive and bus all the poor in Los Angeles to Seattle so their lot in life can improve.

[greywar]

Originally Posted by Swingblade

I like how the states are taking the min. wage out of federal gvt hands and doing it on there own, IMO it is a state issue. I am hoping that the federal gvt lets them rise or fall on their own accord and there will be no bail outs. Now we have a experiment of liberal states raising the min wage and the whole country will be able to judge if it was a good move.

Will those states have increased UE? will the cost of living increase? will the people actually make gains, lose ground, or stay in the same place they were before? will business flock or abandoned the states? In a couple of years we will have the stats.

Actually several states have higher then federal minimum wages. Oregon and Washington both do. It really hasnt made businesses run to or from them.

[VTHokieFan]

Originally Posted by urbanlife78

If a minimum wage increase over 3-7 years forces a business to close, then they were already on the brink of failing.

So why push them over the brink?

[HappyTexan]

Originally Posted by greywar

Actually several states have higher then federal minimum wages. Oregon and Washington both do. It really hasnt made businesses run to or from them.

SeaTac's business owners said they are being flooded with job applications.

[Den0190]

I hate when people argue against raising minimum wage but don't acknowledge inflation.

[Little-Acorn]

Originally Posted by HappyTexan

SeaTac's business owners said they are being flooded with job applications.

Even as they're cutting back on available jobs and hours.

[HappyTexan]

Originally Posted by Den0190

I hate when people argue against raising minimum wage but don't acknowledge inflation.

Inflation is 2%. This raise is quite a bit more than 2%.

[GLS]

Originally Posted by Swingblade

I like how the states are taking the min. wage out of federal gvt hands and doing it on there own, IMO it is a state issue. I am hoping that the federal gvt lets them rise or fall on their own accord and there will be no bail outs. Now we have a experiment of liberal states raising the min wage and the whole country will be able to judge if it was a good move.

Will those states have increased UE? will the cost of living increase? will the people actually make gains, lose ground, or stay in the same place they were before? will business flock or abandoned the states? In a couple of years we will have the stats.

I agree with you 100%. Finally, we have an economic experiment which will produce some factual data. Most of the argumentative posts thus far are founded upon ideology and speculation.