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Agreed. And that's the reason Seattle was able to raise their minimum wage without major disruption -- not because their economy doesn't rely on cheaper labor,
by awinter-py 9y ago
Agreed. And that's the reason Seattle was able to raise their minimum wage without major disruption -- not because their economy doesn't rely on cheaper labor, but because they've outsourced it.
I'm not assigning a moral value to outsourcing, though I agree with intel founder Andy Grove that outsourcing high tech like chip fabs can backfire after a generation. Just making the point that raising wages is easy if cost of living / labor deltas has already offshored part of your economy.
- jhall1468 9y agoBut the point is moot because whether or not minimum wage is $8.00 or $15.00 we've offshored the major aspect or our labor to other countries. You aren't wrong, but it's moot. You're literally making an argument that we could have a $15.00/hr minimum wage everywhere in this country because most labor exists in China or other less developed nations. You're right, but that's not exclusive to Seattle.
- awinter-py 9y agoIf the chinese economy continues to grow faster than america's (not a given), at some point we may need to onshore those jobs again.