Stories
Slash Boxes
Comments

SoylentNews is people

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 Amazon.com, 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."

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3) by khallow on Thursday June 05 2014, @11:04PM

    by khallow (3766) Subscriber Badge on Thursday June 05 2014, @11:04PM (#51956) Journal

    I guess a single counterexample would suffice?

    Ok, where is that single counterexample? I note that there are numerous reasons why your link is not an actual counterexample. First, it has nothing to do with minumum wage, but rather the equally dubious idea of paying people to work less (maybe same wage per unit hour but greater non-wage benefits per hour). Second, it hasn't actually been implemented. This idea still has to sneak past the people with common sense. Third, even if it is ever implemented, we'll have to run the experiment for a few years at least in order to see how badly it fails. And fourth, by then, you'll have completely forgotten about your "counterexample".

    Starting Score:    1  point
    Moderation   +1  
       Underrated=1, Total=1
    Karma-Bonus Modifier   +1  

    Total Score:   3  
  • (Score: 0) by Anonymous Coward on Friday June 06 2014, @04:18AM

    by Anonymous Coward on Friday June 06 2014, @04:18AM (#52063)

    How is it that the "counterexample" gets modded up to +5 when even a cursory glance at the link shows that it is not an example at all?

    Please mod parent up.