Thursday, June 29, 2017

Seattle supposedly "anti" min wage study -- records only raging braket creep


SEATTLE STUDY SUPPORTS EITHER EXTREME ON THE MINIMUM WAGE

Either the study "proves" that you cannot safely give a substantial boost in the minimum wage even in the most outrageously runaway-reactor economy ...

... 50,000 more jobs over $19/hr (44,000 more overall -- counting the 6,000 fewer under $19/hr)
http://angrybearblog.com/2017/06/seattle-minimum-wage.html
... 2.6% unemployment rate
https://www.google.com/search?q=seattle+unemployment+rate&ie=utf-8&oe=utf-8
... $80,000 median household income (up $9,374 since 2014 -- US HH median $56,000)
http://www.seattletimes.com/seattle-news/data/80000-median-wage-income-gain-in-seattle-far-outpaces-other-cities/
... more construction cranes working than any other US city
Seattle 58
Los Angeles 36
Denver 35
Chicago 34
Portland 32
San Francisco 22
Washington, DC 20
New York 18
Honolulu 10
Austin 9
Boston 7
Phoenix 5
Illustrated map: http://ritholtz.com/2017/07/where-the-cranes-are/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

Or, the Seattle (runaway-reactor) study might just possibly suggest that there is a lot more money there to pay labor if only bargaining conditions are right -- in Seattle's unique case such an overheated a labor market that bargaining worked even with the usual American dearth of labor unions.

Mmm; maybe the Seattle study really proves the promise of labor unions. :-O

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