Seattle is poised to raise the minimum wage to $15 an hour. It will be interesting to see how this works out. Seattle is a very healthy economic city right now, with Boeing doing well, and Microsoft and its spinoffs and contractors humming along, and trade activity out of the port bustling. The proposal is a phase in, so at least a nod to the reality that the minimum wage can negatively impact employment. As opposed to many minor hikes in the MW both federally and across the states who have a higher rate, this one will impact about 25% of the workforce. Hope they go through with it, so we can see how it plays out.
http://www.slate.com/articles/business/ ... _idea.html
Let's try out this really cool experiment
Re: Let's try out this really cool experiment
$15US = £8.96 = $16.16 AU.
Current UK minimum wage is £6.31 in Australia it's $16.37.
It'll be interesting to see what happens
Current UK minimum wage is £6.31 in Australia it's $16.37.
It'll be interesting to see what happens
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
Re: Let's try out this really cool experiment
Long Run wrote:Seattle is poised to raise the minimum wage to $15 an hour. It will be interesting to see how this works out. Seattle is a very healthy economic city right now, with Boeing doing well, and Microsoft and its spinoffs and contractors humming along, and trade activity out of the port bustling. The proposal is a phase in, so at least a nod to the reality that the minimum wage can negatively impact employment. As opposed to many minor hikes in the MW both federally and across the states who have a higher rate, this one will impact about 25% of the workforce. Hope they go through with it, so we can see how it plays out.
http://www.slate.com/articles/business/ ... _idea.html
San Francisco has about the highest minimum wage in the state, and about the lowest unemployment.
yrs,
rubato