Seattle is a great place to live for the most part, it's green, the weather is mild, the scenery is amongst the most beautiful in America, people aren't as fat as they are in the rest of the US, it's neither too crowded, nor to spare, and the economy is relatively strong here. Still, my city manages to embarrass me every once and a with absurd progressive policies.
This time, as I step into work this morning, I am welcomed with the news that some potential city council members are pushing for a fifteen dollar minimum wage. Seattle already has one of the highest minimum wages in the country, $ 9.19 per hour, but at the same time the cost of living here is pretty high. I can't really say that I am surprised that a potential Seattle politico is agitating for increasing the minimum wage, gotta procure them votes after all.
I understand that there are economist out there who maintain that raising the minimum wage will have a minimal effect on prices based on certain studies. The problem being that those studies examined the affect of incremental increases to the minimum wage of no more than 10%, not an increase of 60%. Raising the minimum wage by that amount will have an effect far greater than those same economists anticipate. You would think they learned a lesson from Obamacare but it looks like they haven't.