Seattle's groundbreaking minimum wage hike hurt the low-income people that it was meant to help, according to a report prepared for the city council.Read more here.
...Researchers from the University of Washington found that low-income workers saw their pay fall drastically when the city moved to the $13 mark in 2015. Companies reduced the number of hours that employees worked to cope with the increased labor costs.
"The lost income associated with the hours reductions exceeds the gain [in hourly rates]," the report says. "The average low-wage employee was paid $1,897 per month. The reduction in hours would cost the average employee $179 per month, while the wage increase would recoup only $54 of this loss, leaving a net loss of $125 per month (6.6%), which is sizable for a low-wage worker."
Saturday, July 01, 2017
Hurting the people it was supposed to help!
Bill McMorris reports at the Washington Free Beacon,