The new report from the non-partisan Congressional Budget Office offers minimal guidance for the effort in Seattle to raise the minimum wage. The reason: It looks at what might happen if the federal minimum is raised from $7.25 an hour to $10.10. Here, advocates are proposing $15. As reported in the Seattle Times, the…More
Topic: minimum wage
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In 1968, about 37 percent of the total workforce had not completed high-school or received a GED. It 2012, this number had dropped to 9 percent. And yet the national minimum wage is 23 percent lower than its 1968 peak value when adjusted for inflation. So the axiom that better education translates into higher wages…More
One of the most important issues facing the city this year will be the push to raise the minimum wage to $15 per hour. If the minimum wage had kept pace with productivity, it would have been $21.72 an hour in 2012, according to the Center for Economic and Policy Research. Instead, the federal minimum wage…More
If advocates of a higher minimum wage in the city of Seattle succeed, it might look something like what has happened in the District of Columbia. There, the city council has voted to raise it to $11.50 an hour and has the votes to override a veto from Mayor Vincent Gray.More
Well, no. If the trend holds and SeaTac voters approve a $15-per-hour minimum wage, it will be very hard to translate this victory into a national movement.
SeaTac is a tiny municipality with only 12,000 registered voters. It has a large number of low-wage restaurant and hotel businesses that are captive to their proximity to Seattle-Tacoma International Airport. They will have little choice but to pay the new wage.
For that same reason, SeaTac won’t likely be a useful laboratory to examine the unintended consequences that critics warned about, or the benefits that supporters claim.
Enacting the wage in a city such as Seattle would be much more difficult, even though Mayor-elect Ed Murray has paid lip service to it. Business community resistance would be fierce and potent. And businesses would have more options: Move, close, cut back hours and refuse to hire the least-skilled workers.More