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.Why do socialists hate the working class?
The law also cost the city 5,000 jobs, the report said.
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.
"This is a two-edged sword," said Jacob Vigdor, one of the team of researchers studying the issues for Seattle. "And if you raise this minimum wage the way Seattle did you run the risk of actually taking money away from the people you are trying to help."
Monday, June 26, 2017
Wage Hike Slaves
Who could have seen this coming?
This is not the plan they thought it was:
The regulators are still at it: Using the "altFEC" twitter account, one of several "alt" sites set up by government work...
Were they the ancestors of piano players? The brain circuits that led to two-sided tools and weapons such as hand-axes and cleavers are the ...
They really are after everyone's job: The study found that 42 percent of UK consumers believe their job is likely to be replaced by a ro...