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No it's not.. It's literally right in the middle of both high and low estimates. The low would be $12/hr the high being $21. the difference comes down to how it's calculated. They set the min to be right in the middle of the high/low and also used cost of living in that city to determine it.
The fact that the economy in that city is doing just fine shows they picked a reasonable rate.In November, you can vote for America's next president or its first dictator.Comment
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Did anyone read the article? It seems the minimum wage has little impact there. Most of the jobs are high tech and construction, and most jobs paid over $15 an hour already.
From the article itself:
Much of that success, though, can be attributed to trends separate from the minimum-wage law itself, such as the growth of Seattle?s tech sector and its construction boom, according to a new report that University of Washington researchers presented to the City Council on Monday.Herschel Savage
Brooklyn, NYComment
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When I lived in Australia the minimum wage was $17 an hour, $600 a week roughly, and rent was dirt cheap as was food. That was the MINIMUM wage. I asked this waitress at a hole in the wall cafe how much she made and she got $20 an hour.
America has been far behind the times internationally for 20 or so years.
Over the 5 year's I lived there, EVERYONE I met over 30 OWNED an apartment they rented out and OWNED a home they lived in, most owned recreational boats. These were not rich people these were people with one full time job. This is why i, as an American, went through the citizenship process in Australia
Skype: CallTomNow
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You guys realize they are not at $15 yet, right?Comment
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Exactly. If you produce let say spoons, you have fixed cost to make them and fixed profit and if constant of fixed cost is changed, then entire bussiness is in danger. Tho, you could eventually increase profit if you make those spoons to look pretty like apple did it with phones, or if you put a fancy name on it like Dr.dre did it, but those are exceptions, not rule.
While as service provider, you can always provide better service and always find a clientele with different purchase power. For example, i remember how you called yourself once a "flee market seo seller" but i am sure you can raise your prices 10x more and still find clients.Comment
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Sorry if you have to work for minimum wage rates but look what states have the lowest wage rates ...
https://www.statista.com/statistics/...e-by-us-state/ <chart
^^ maybe, manufacturing spoons are too low of value added to be made domestically at a livable wage?Comment
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If trickle down worked. Family incomes would be on the rise over more percentile than the top 20%.
Your mistake is ion thinking "the more people making money means more people spending money". Not if a worker on $40 an hour gets made redundant and goes on to get a job at $15 an hour. Which has been happening for the last 20 years.Comment
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But it hasn't worked like that over the last 20 years. more money has been flowing into the hands of fewer people all the time.
As you say the middle class is struggling, the working class are in a bad way and some are sunk without Government support.
The problem comes when a $30 an hour job is replaced by a $15 an hour job. And that;s the trend.Comment
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In November, you can vote for America's next president or its first dictator.Comment
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It hasn't worked like that because it became more important to pay CEOS and shareholders all the corporate profits at the expense of the workers. In a quest to keep pushing constant profits for shareholders, wages were reduced and then the jobs shipped overseas so wages could be reduced even more.
This came because of failed trickle down economics.. Reagan was the first to open the doors to China and everyone since has left them open.
Corporations like trickle down because they benifit. The average worker gets fucked though and that's where the govt should be trying to protect them.In November, you can vote for America's next president or its first dictator.Comment
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