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These policies don't have an effect in a day - it takes time. People need to move - if Amazon wanted to move it would take them years just to build a new campu

These policies don't have an effect in a day - it takes time. People need to move - if Amazon wanted to move it would take them years just to build a new campus; let a lone try to transfer employees. People are sticky to a location, so the city can extract more and more from them until they eventually decide to leave. It will slow growth as people choose not set up there; it will make the economy less flexible as people have few choices. These policies will destroy wealth and will hurt those who currently do these jobs. Remember the people doing these jobs are doing them because they're the best option available to them - this include far more than just the wage. It's going to be harder and harder to find jobs for low skilled workers in Seattle.

Retric 6y ago
Seattle’s median household income is $93,500 (2018) and it has a population of 744,955. Their clearly doing something correctly.
- devmunchies 6y ago
  you can barely afford to live there if you make less, so of course the median is high. I hated living in Seattle, loved the rest of Washington though.
- anoxor 6y ago
  If you don't make solid money, you move out of the city because it is too expensive. The minimum wage law is less than 2 years old, and it's possible for Seattle to continue it's boom momentum despite recently policy. If the policy is bad, it isn't hurting the tech workers, it's hurting the smaller businesses and people who work there. When a burger and beer is $25, people eat out less and businesses have fewer $16 an hour people on staff.
  - Retric 6y ago
    Minimum wage doesn’t increase restaurant prices much. It varies a lot, but ~8 people can handle an average of 50 customers an hour. That’s an extra 90cents per meal assuming their all paid an extra 7.50 an hour. More realistically several of those people where already making more than minimum wage so the impact is even less. Further, rent is based in large part on how profitable the location is. So, land lords end up picking up a chunk of the difference.
Nbox9 6y ago
To me this is about a group of laws being passed in Seattle that raise wages for labor and tax corporations. Seattle has a very long history of such laws. Corporations keep expanding in Seattle and people keep moving to Seattle because it’s such a great place to do business. These laws are about ensuring that the great amount of wealth being generated in the area is shared among the entire community.

Retric 6y ago

Seattle’s median household income is $93,500 (2018) and it has a population of 744,955. Their clearly doing something correctly.

devmunchies 6y ago
you can barely afford to live there if you make less, so of course the median is high. I hated living in Seattle, loved the rest of Washington though.
anoxor 6y ago
If you don't make solid money, you move out of the city because it is too expensive. The minimum wage law is less than 2 years old, and it's possible for Seattle to continue it's boom momentum despite recently policy. If the policy is bad, it isn't hurting the tech workers, it's hurting the smaller businesses and people who work there. When a burger and beer is $25, people eat out less and businesses have fewer $16 an hour people on staff.
- Retric 6y ago
  Minimum wage doesn’t increase restaurant prices much. It varies a lot, but ~8 people can handle an average of 50 customers an hour. That’s an extra 90cents per meal assuming their all paid an extra 7.50 an hour. More realistically several of those people where already making more than minimum wage so the impact is even less. Further, rent is based in large part on how profitable the location is. So, land lords end up picking up a chunk of the difference.

Nbox9 6y ago

To me this is about a group of laws being passed in Seattle that raise wages for labor and tax corporations. Seattle has a very long history of such laws. Corporations keep expanding in Seattle and people keep moving to Seattle because it’s such a great place to do business. These laws are about ensuring that the great amount of wealth being generated in the area is shared among the entire community.