seattles-higher-minimum-wage-is-actually-working-just-fine

seattles-higher-minimum-wage-is-actually-working-just-fine

7/1/2017

link

https://www.washingtonpost.com/news/posteverything/wp/2017/06/27/seattles-higher-minimum-wage-is-actually-working-just-fine/

summary

This article discusses the impact of Seattle's higher minimum wage, which was implemented to address income inequality. Contrary to the concerns of critics who feared job loss and economic decline, the article presents evidence that Seattle's higher minimum wage has actually been successful. The author points to a study conducted by economists at the University of California, Berkeley, which found that the minimum wage increase had positive effects on workers' earnings, without causing significant job losses. The article also highlights the importance of ongoing research and analysis to inform policy decisions and challenges the prevailing narrative that higher minimum wages are always detrimental to businesses and the economy.

tags

minimum wage ꞏ economics ꞏ labor market ꞏ seattle ꞏ income inequality ꞏ living wage ꞏ wage increase ꞏ wage policy ꞏ employment ꞏ job market ꞏ workers' rights ꞏ economic impact ꞏ poverty ꞏ income distribution ꞏ economic justice ꞏ economic inequality ꞏ social policy ꞏ economic policy ꞏ working class ꞏ labor economics ꞏ income gap ꞏ income mobility ꞏ economic research ꞏ wage growth ꞏ economic analysis ꞏ income disparities ꞏ income level ꞏ wage laws ꞏ labor market dynamics ꞏ wage trends ꞏ income effects ꞏ income security ꞏ economic development ꞏ social inequality ꞏ wage standards ꞏ wage structure ꞏ wage dynamics ꞏ labor market outcomes ꞏ wage disparity ꞏ economic indicators ꞏ income standards ꞏ labor market trends ꞏ wage regulations ꞏ wage benefits