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Interesting, perhaps not too surprising with some lines of work. I'd be interested to know how it has impacted broader economic activity in the region.
by notadoc 9y ago
Interesting, perhaps not too surprising with some lines of work.
I'd be interested to know how it has impacted broader economic activity in the region.
- snarf21 9y agoTo me the more interesting questions are around other workers and buying power. Does this devalue wages of the $20/hour EMT that went to a technical school for 2 years? Have prices gone up in relation to this wage increase or are businesses just cutting hours (service levels) to compensate? If prices are rising because of this, does this decrease the buying power of these minimum wage workers since they are likely to shop and patron many business that also employ these minimum wage workers?
- notadoc 9y agoIt's also challenging to consider because housing inflation in Seattle (and the west coast in general) has gone absolutely haywire for years now, often 20% a year or more in some cases.