Seattle's new minimum wage hasn't raised retail prices

Feb 2011
17,153
11,524
The formerly great golden state
#1
After a year, Seattle's new minimum wage hasn't raised retail prices

More than a year after a new minimum wage took effect in Seattle–$12.50 an hour now for small employers, increasing to $15 an hour by January 2018–prices at most stores haven’t gone up.

Before the minimum wage law took effect, most retailers said they would have to charge more. So far, that hasn’t happened.
Saw this while in Seattle recently. Thought it was interesting. Sometimes, prophecies of gloom and doom don't come true.
 
Likes: 3 people

webrockk

Former Staff
Nov 2009
30,355
11,018
on the river
#2
I couldn't help but notice they only mentioned one side of the equation, when there are at least two.
 
Sep 2011
24,998
17,442
aMEEErica
#6
It was a serious question.

Why 15 bucks an hour and not 20?

There must be a reason so what is it?
Um, 42?

https://www.quora.com/Why-and-how-is-42-the-answer-to-life-the-universe-and-everything

(covfefe?)

It is more conducive to a thriving economy to have more money in more hands, not fewer.

See, people need at least enough money to show up for work Monday morning... you could pay less, but they have a tendency to starve to death and thus interrupt business.

The minimum wage needs a COLA a Cost of Living Adjustment.

Thx :popcorn:
 
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