Jun
30

Wonky Wages

TR007241Seattleā€™s decision to boost its minimum wage to $15/hour, the highest anywhere, is bad policy. Unlike a rise in the federal minimum wage which affects all employers, this increase only applies inside the city. Thus, employers in low-wage industries in Seattle will be at a distinct financial disadvantage compared to similar firms outside Seattle. This price differential will cause some shoppers who used to shop inside Seattle to shop outside.

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