You might have missed these two stories in all the Trump Tweet stuff but you might want to remind yourself what we’re fighting against before you jump off the wagon.
Seattle’s minimum-wage law is boosting wages for a range of low-paid workers, but the law is causing those workers as a group to lose hours, and it’s also costing jobs, according to the latest study on the measure passed by the City Council in 2014.
The report, by members of the University of Washington team studying the law’s impacts for the city of Seattle, is being published Monday as a working paper by a nonprofit think tank, the National Bureau of Economic Research.
That law raises Seattle’s minimum wage gradually until it reaches $15 for all by 2021.
Well in the face of that bad news Seattle decided that there could be only one effect
When a University of Washington study came out this week showing Seattle’s minimum wage has cost 5,000 jobs and is hurting low income workers, city leaders attacked the messenger –- a team of respected economists at Washington’s premiere public university.
The researchers, led by Jacob Vigdor, were hired by the city in 2014 to study the effects of Seattle’s $15 wage experiment. The contract called for five years of research. City officials stopped funding the UW team when they didn’t like the results.
“The moment we saw it was based on flawed methodology and was going to be unreliable, the Vigdor study no longer speaks for City Hall,” said Seattle City Councilwoman Kshama Sawant.
So they’ve decided to fund a new study, meet the boss professor Michael Reich:
Reich is currently co-chair of the Institute for Research on Labor and Employment. Before earning his PhD in economics from Harvard, Reich was a founding member of the Union for Radical Political Economics (URPE), a group seeking a “human-centered radical alternative to capitalism,” according to its website.
Reich has authored several studies on the effects of raising the minimum wage. They all concluded that increasing the minimum wage only helps low-skilled workers.
And I’m sure that Professor Reich will dutifully produces numbers that the leftists in Seattle will find acceptable but will not actually change the reality on the ground…