Wednesday, June 28, 2017 4:07:47 PM
Seattle’s $15 Minimum Wage Law Caused Workers’ Wages to Drop
June 27, 2017
Fox News
G. Edward Griffin Commentary
Seattle passed a law setting the minimum wage at $15 per hour, which is a 3% increase. This caused many employers to cut the hours of their unskilled workers by 9% in order to stay in business. [9% rather than 3% is because, when the minimum wage goes up, it forces other wages up also to keep skilled workers at a higher pay scale than minimum. There is a ripple effect all the way up to middle management. To cover this extra cost, employers were compelled to cut back the working hours of unskilled workers by 9%. Working fewer hours caused a lower income of minimum-wage workers by $125 per month. Political intervention in the free market always hurts lower-income workers.] –GEG
https://needtoknow.news/2017/06/seattles-15-minimum-wage-law-caused-workers-wages-drop/
Dan 
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