Saturday, July 12, 2014

Seattle Could See $3 Billion Boom From Raising Minimum Wage

The City Council of Seattle recently voted unanimously to raise the minimum wage to $15 per hour.  Because of that vote, 100,000 people will see their incomes grow and subsequently, Seattle could see a $3 billion boost to their economy.

Here is a video of the vote and remarks from various Seattle officials regarding this historic moment (warning: sound levels vary widely):

Now ask yourself whose side people like Scott Walker and Chris Abele are on when they fight these long overdue increases in the workers' wages. Here's a hint: It's not yours unless your a wealthy business CEO.

1 comment:

  1. Many studies have shown that the idea that minimum wage raises are job killers is nonsense. The Center for Economic and Policy Research just reported on this, and has other reports saying minimum wage increases have negligible effect on job creation.

    Demand is what creates jobs. When people have so little money, we are left with only paying our bills, and little or no money remaining to pay for the goods and services that are the basis for our struggling local economies.