3 ms·
> Raising the minimum wage creates more unemployment. Does it? In the US, Washington has the highest minimum wage of any state. And Seattle has a higher minimu
by clouddrover 6y ago
> Raising the minimum wage creates more unemployment.
Does it? In the US, Washington has the highest minimum wage of any state. And Seattle has a higher minimum wage than the rest of Washington:
https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States#List_by_jurisdiction https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_Sta...
And yet Seattle had a lower unemployment rate than the national rate pre-COVID:
https://www.deptofnumbers.com/unemployment/washington/seattle/ https://www.deptofnumbers.com/unemployment/washington/seattl...
Seattle's minimum wage ordinance was introduced in 2015. Seattle's unemployment rate has fallen from 10.3% 10 years ago to 3.0% pre-COVID and is now at 7.9%:
https://data.bls.gov/timeseries/LAUMT534266000000004?amp%253bdata_tool=XGtable&output_view=data&include_graphs=true https://data.bls.gov/timeseries/LAUMT534266000000004?amp%253...
The main problem everyone has at the moment is coronavirus, not a decent minimum wage.
- Bostonian 6y agoThere are many factors affecting unemployment rates, which does not change the fact that other things being equal, a high minimum wage will raise them.
- clouddrover 6y agoClaims without proofs aren't convincing. Clinging to an ideological position despite practical realities doesn't do anyone any good.