Tuesday, August 23, 2016

Something "Unexpected" Happened When Seattle Raised The Minimum Wage

Wow, what a surprise .  The University of Washington concluded that raising minimum wages in Seattle "lowered employment rates of low-wage workers".

...the Federal Reserve Bank of San Francisco that finds that "higher minimum wage results in some job loss for the least-skilled workers—with possibly larger adverse effects than earlier research suggested."
Gee, the academics and intelligentsia are finally coming to the same conclusions the rest of us peons came to years ago.

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