All Economics Is Local

All Economics Is Local – NYTimes.com.

A Seattle group held a march last Saturday calling for raising the minimum wage to $15 per hour. Stuart Isett for The New York Times
A Seattle group held a march last Saturday calling for raising the minimum wage to $15 per hour.
Stuart Isett for The New York Times

This New York Times article is written by the UC Berkeley researchers advising Seattle’s Income Inequality Advisory Committee. They clearly lay out the evidence supporting higher wages and contradict the apocalyptic scenarios put forward by businesses. Here is their conclusion:

“The record is clear. Employers can afford to pay higher wages that raise families out of poverty and bear a closer relation to local living costs. And there’s a moral value, too. An increase in the local minimum wage restores, on a very personal level, some of our notion of fairness.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s