Seattle’s minimum wage hike hurting low-level workers, study says, by Dan Springer.
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.
Well done lefties. This outcome was predictable, and predicted. But the left-leaning virtue-signalers wouldn’t listen, and went ahead anyway.
Seattle’s minimum wage ordinance, passed by the Seattle City Council and signed by Mayor Ed Murray in 2014, was sold as a way to close the income inequality gap and help those struggling at the bottom of the economic ladder. More than a dozen cities and counties, mostly in California and New York, followed suit.