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posted by n1 on Thursday June 05 2014, @11:18AM   Printer-friendly
from the will-code-for-gold dept.

The NYT reports that in a unanimous vote, the Seattle City Council went where no big-city lawmakers have gone before, raising the local minimum wage to $15 an hour, more than double the federal minimum, and pushing Seattle to the forefront of urban efforts to address income inequality. "Even before the Great Recession a lot of us have started to have doubt and concern about the basic economic promise that underpins economic life in the United States," says Council Member Sally J. Clark. "Today Seattle answers that challenge." High-tech, fast-growing Seattle, population 634,535, is home to, Zillow, and Starbucks. It also has more than 100,000 workers whose incomes are insufficient to support their families, according to city figures and around 14% of Seattle's population lives below the poverty level. Some business owners have questioned the proposal saying that the city's booming economy is creating an illusion of permanence. "We're living in this bubble of Amazon, but that's not going to go on," says businessman Tom Douglas. "There's going to be some terrific price inflation."

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  • (Score: 2) by hoochiecoochieman on Thursday June 05 2014, @04:27PM

    by hoochiecoochieman (4158) on Thursday June 05 2014, @04:27PM (#51778)

    A city that depends on minimum-wage jobs to be competitive is already a hopeless shithole, anyway.

    That would be every single city on the planet.

    Well, just in case, I went for some fact-checking. And guess what? You're wrong. At least at the country level. Please compare these two indexes and try to find that relation you're talking about.

    The relation is not clear, but if there's any, I'd say it's quite the opposite, places with higher minimum salaries tend to be more competitive. Which makes sense, because you're not very competitive when you're starving.

    Global Competitiveness Report []

    List of minimum wages by country []

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 2) by khallow on Thursday June 05 2014, @11:07PM

    by khallow (3766) Subscriber Badge on Thursday June 05 2014, @11:07PM (#51958) Journal

    The Global Competitiveness Report has nothing to do with competitiveness. It's not a serious metric either. Finally, I bet they have several dubious measures tied directly to the minimum wage which would be a case of circular reasoning.