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Post by southparkcpa on Jun 26, 2017 9:18:45 GMT -5
Analysis When Seattle officials voted three years ago to incrementally boost the city's minimum wage up to $15 an hour, they'd hoped to improve the lives of low-income workers. Yet according to a major new study that could force economists to reassess past research on the issue, the hike has had the opposite effect. The city is gradually increasing the hourly minimum to $15 over several years. Already, though, some employers have not been able to afford the increased minimums. They've cut their payrolls, putting off new hiring, reducing hours or letting their workers go, the study found. The costs to low-wage workers in Seattle outweighed the benefits by a ratio of three to one, according to the study, conducted by a group of economists at the University of Washington who were commissioned by the city. The study, published as a working paper Monday by the National Bureau of Economic Research, has not yet been peer reviewed. www.washingtonpost.com/amphtml/news/wonk/wp/2017/06/26/new-study-casts-doubt-on-whether-a-15-minimum-wage-really-helps-workers/ |
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Post by DDNYjets on Jun 26, 2017 9:43:08 GMT -5
Hurts the employers and the employees. You make McDonald's pay them $15 then McDonalds will replace them with a kiosk. Very simple. One-time cost. No sick days, no bathroom breaks, no benefits.
Another irony is that a lot of these limousine liberal politicians have unpaid interns.
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Post by jetstream23 on Jun 26, 2017 9:53:32 GMT -5
Lawmakers in Seattle are the ones accelerating the replacement of workers by robots when they do stupid shit like this.
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Post by Trades on Jun 26, 2017 10:44:47 GMT -5
Funny thing is this is exactly what the predicted results would be by anyone with any economic sense.
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Post by chadp on Jun 26, 2017 22:16:13 GMT -5
Hurts the employers and the employees. You make McDonald's pay them $15 then McDonalds will replace them with a kiosk. Very simple. One-time cost. No sick days, no bathroom breaks, no benefits. Another irony is that a lot of these limousine liberal politicians have unpaid interns. RIP Kurt Cobain.. |
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Post by shakin on Jun 26, 2017 23:35:46 GMT -5
so basically the outcome is exactly what people with brains said would happen, back when they were mocked for being racist/sexist/poorist/gayist/hateist/everythingist by the fucking clueless fucking shitbag morons bleating for this idiotic economically rihtaddid shitferbrains law.
huh
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Post by BEAC0NJET on Jun 27, 2017 9:01:34 GMT -5
BUT WHAT ABOUT A LIVABLE WAGE!!!!!  Anyone who understands even basic economics saw this coming. |
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Post by Big L on Jun 27, 2017 14:09:29 GMT -5
Conversely, lower the minimum wage, and therefore put more people to work?
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Post by Gunnails on Jun 27, 2017 19:26:09 GMT -5
Conversely, lower the minimum wage, and therefore put more people to work? ============================================================= That is a huge part of the illegal alien problem, or at least it was at one time. Bless their hearts, this is what the good people of Seattle want, and they truly are good people with good intentions, you can make good bank in Seattle and most do fairly well. Democracy in action, local goverment at its best/worst? |
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Post by Trades on Jun 27, 2017 21:05:09 GMT -5
Conversely, lower the minimum wage, and therefore put more people to work? ============================================================= That is a huge part of the illegal alien problem, or at least it was at one time. Bless their hearts, this is what the good people of Seattle want, and they truly are good people with good intentions, you can make good bank in Seattle and most do fairly well. Democracy in action, local goverment at its best/worst? ![]()  |
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