Seattle has had the $15/hr minimum wage for a while now. The net result? Workers are taking home an average of $125/month LESS than before. Why? Because businesses have cut their hours to maintain profitability.
A New Study Has Some Bad News for Backers of a Minimum Wage Hike
Katie Reilly
Jun 26, 2017
Seattle's move a few years ago to gradually increase the local minimum wage to $15 an hour has caused low-wage workers to lose money due to reduced working hours, according to a new study.
The study by researchers at the University of Washington found that earnings for low-wage employees fell by an average of $125 per month in 2016 because the ordinance caused a 9% decrease in the number of hours worked. Meanwhile, hourly wages for low-wage jobs increased by about 3%, according to the study. The study was commissioned by the city itself and released Monday.
http://fortune.com/2017/06/26/seattl...-policy-study/
A New Study Has Some Bad News for Backers of a Minimum Wage Hike
Katie Reilly
Jun 26, 2017
Seattle's move a few years ago to gradually increase the local minimum wage to $15 an hour has caused low-wage workers to lose money due to reduced working hours, according to a new study.
The study by researchers at the University of Washington found that earnings for low-wage employees fell by an average of $125 per month in 2016 because the ordinance caused a 9% decrease in the number of hours worked. Meanwhile, hourly wages for low-wage jobs increased by about 3%, according to the study. The study was commissioned by the city itself and released Monday.
http://fortune.com/2017/06/26/seattl...-policy-study/
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