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