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1. This is a boon to the Unions that clearly run things in Seattle - Boeing is their biggest employer and Union wages go up anytime that the Minimum Wage increases.
2. This is a Seattle issue and maybe a Washington State issue - the people voted for this City Council and the people voted for their State and Federal politicians. They have decided to "roll the dice" and they will reap what they sow. It might work out well for them, but if it doesn't, then that is their problem with no Federal Bailouts.
History is NOT in their favor on raising the Minimum Wage - it inevitably causes unemployment. The GAO and US Budget office have reported this. Again ..... they rolled the dice, it's their decision.
Boeing isn't even in Seattle...so what does that have to do with Seattle's minimum wage? Do you have any proof that the union workers outside of Seattle will see their wages go up because of this?
Seattle will be just fine with this minimum wage increase and will not be needing a federal bailout.
Boeing isn't even in Seattle...so what does that have to do with Seattle's minimum wage? Do you have any proof that the union workers outside of Seattle will see their wages go up because of this?
Seattle will be just fine with this minimum wage increase and will not be needing a federal bailout.
Boeing isn't even in Seattle...so what does that have to do with Seattle's minimum wage? Do you have any proof that the union workers outside of Seattle will see their wages go up because of this?
Seattle will be just fine with this minimum wage increase and will not be needing a federal bailout.
You're right. Those businesses that can't absorb it will just close.
Maybe some,others will be let go and some jobs will never be created as a result, but screw them right?
Dont they teach supply and demand in economics 101 anymore?
Maybe some,others will be let go and some jobs will never be created as a result, but screw them right?
Dont they teach supply and demand in economics 101 anymore?
Minimum wage is one of the first topics discussed when supply and demand is introduced in pretty much all macro courses at universities.
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.
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