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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 khallow on Thursday June 05 2014, @09:14PM

    by khallow (3766) Subscriber Badge on Thursday June 05 2014, @09:14PM (#51914) Journal

    by creating something that all other developed countries already have.

    Ok, here's something I know which you apparently don't. Obamacare didn't create something which all other developed countries have. There are huge dynamics more or less unique to the US system for driving up health care costs such as employer-based health insurance, massive health insurance subsidies which insulate a huge class of people from the cost of their health care, and built-in bailouts for insurance companies who gamble too much. Sure, it might be nice to implement one of these other health care systems and save some money, but that didn't happen.

    Another thing which I know which you apparently don't is that every developed world country has problems with rapidly growing health care costs and unfavorable demographic trends. The US just happens to be the worst of the lot by a bunch. But everyone else will be facing these same issues in time and no doubt, making similar bad choices.

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