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True, but this occured 3 months ago. 3 months is hardly the long term I was referring to. Also, isn't Seattle one of the more expensive cities to live in? If co
by NiagaraThistle 4y ago
True, but this occured 3 months ago. 3 months is hardly the long term I was referring to. Also, isn't Seattle one of the more expensive cities to live in? If cost of living sites are to be believed, it is 50-70% higher cost of living than the average US city. Higher minimum wages are just going to make that worse as prices go up to offset the higher wages.
- fallingfrog 4y agoHigher prices are being driven by institutional investors using leverage and free money from the fed. That’s happening nationwide. It’s not being driven from below, in this particular case. Also, Seattle has had a minimum wage above 15 per hour since 2017. Edit: 2017 for larger businesses, 2019 for mid size, 15 per hour universally as of 2021