A total shocker, right @SLUPSU? I noticed you haven't chimed in on any one of the several postings showing how the $15/hr min wage hurts.
The story for employees is much more varied. The minimum wage for some large employers jumped from $11 to $13 from 2015 to 2016. The economists observed the impact of the hike in 2017 and found it had dramatic effects on the low-wage workforce and employment.
Not all of them were good. They found that the policy “reduced hours worked in low-wage jobs by 6-7 percent, while hourly wages in such jobs increased by 3 percent ... consequently, total payroll for such jobs decreased.” That means the total amount that employers paid to workers was less with the new minimum wage in place than projected payroll if the policy hadn’t gone into effect.
The data, researcher Mark C. Long explained, suggested a “tipping point” between $11 and $13 “when it becomes less tenable to keep work in the city.” (Critics were quick to point out that this likely wasn’t solely due to the minimum wage policy — Seattle’s labor market continued to heat up during that period, reducing the number of low-wage jobs compared to high-wage jobs overall.)
https://www.msn.com/en-us/money/mar...n-the-nation/ar-AAEHffw?li=BBnbfcN&ocid=edgsp
The story for employees is much more varied. The minimum wage for some large employers jumped from $11 to $13 from 2015 to 2016. The economists observed the impact of the hike in 2017 and found it had dramatic effects on the low-wage workforce and employment.
Not all of them were good. They found that the policy “reduced hours worked in low-wage jobs by 6-7 percent, while hourly wages in such jobs increased by 3 percent ... consequently, total payroll for such jobs decreased.” That means the total amount that employers paid to workers was less with the new minimum wage in place than projected payroll if the policy hadn’t gone into effect.
The data, researcher Mark C. Long explained, suggested a “tipping point” between $11 and $13 “when it becomes less tenable to keep work in the city.” (Critics were quick to point out that this likely wasn’t solely due to the minimum wage policy — Seattle’s labor market continued to heat up during that period, reducing the number of low-wage jobs compared to high-wage jobs overall.)
https://www.msn.com/en-us/money/mar...n-the-nation/ar-AAEHffw?li=BBnbfcN&ocid=edgsp
