Sgt Staples
Mayor
Seattle Voted to Hike the Minimum Wage to $15 an Hour. Here’s What Happened to Seattle’s Job Market.
Data shows that the Seattle Metropolitan Statistical Area (MSA) lost 700 restaurant jobs from January to September of this year, and a report from the American Enterprise Institute suggests that this could be the product of adverse effects of minimum wage hikes on restaurant jobs.
“What is also noteworthy about the loss of Seattle restaurant jobs this year is the fact that restaurant employment in the rest of Washington state is booming this year,” writes Mark Perry, an AEI scholar and professor of economics and finance at the University of Michigan’s Flint campus.
After wage hikes started to apply, canned tuna industry employers began to lay off and cut hours of employees. One cannery shut down in 2009.
See folks, while the government can set the price of labor, it cannot set the value of labor; only the free market can to that. And when the cost of labor exceeds the value of labor, those jobs go away. http://dailysignal.com/2015/10/22/s...rPUfGjI4ATsthNK+TFAwTG5toziV8R7jHKM1t0sEQWBHm
Data shows that the Seattle Metropolitan Statistical Area (MSA) lost 700 restaurant jobs from January to September of this year, and a report from the American Enterprise Institute suggests that this could be the product of adverse effects of minimum wage hikes on restaurant jobs.
“What is also noteworthy about the loss of Seattle restaurant jobs this year is the fact that restaurant employment in the rest of Washington state is booming this year,” writes Mark Perry, an AEI scholar and professor of economics and finance at the University of Michigan’s Flint campus.
After wage hikes started to apply, canned tuna industry employers began to lay off and cut hours of employees. One cannery shut down in 2009.
See folks, while the government can set the price of labor, it cannot set the value of labor; only the free market can to that. And when the cost of labor exceeds the value of labor, those jobs go away. http://dailysignal.com/2015/10/22/s...rPUfGjI4ATsthNK+TFAwTG5toziV8R7jHKM1t0sEQWBHm