reasonandempathy:smokeyriddlewolf:reasonandempathy: Something may be wrong here The only terribl
reasonandempathy: smokeyriddlewolf: reasonandempathy: Something may be wrong here The only terrible thing, once we raise minimum wage, companies raise other prices as well, so they’re still earning the same amount of money. Raising the wages aren’t curing the underlying disease, just treating the symptoms. I mean, that’s not what is happening in places where we’ve raised the minimum wage. Most Seattle employers surveyed in a University of Washington-led study said in 2015 that they expected to raise prices on goods and services to compensate for the city’s move to a $15 per hour minimum wage. But a year after the law’s April 2015 implementation, the study indicates such increases don’t seem to be happening. The interdisciplinary Seattle Minimum Wage Study team, centered in the Evans School for Public Policy & Governance surveyed employers and workers and scanned area commodity and service prices. The team’s report found “little or no evidence” of price increases in Seattle relative to other areas, its report states. -- source link