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From the chart, it showed employment rising in the region overall, which probably erased any effect from only Seattle raising its minimum wage. I wouldn't descr
by joshuaheard 8y ago
From the chart, it showed employment rising in the region overall, which probably erased any effect from only Seattle raising its minimum wage. I wouldn't describe the economic principal of Supply/Demand as "dogma", more like an established model. It states, all things being equal, rising costs will result in less demand. Here, the region overall is expanding jobs (Amazon, Microsoft, etc). So, this does not disprove Supply and Demand and the economic fact that artificially rising wages artificially lowers demand for jobs.