I live in Seattle. Chart or no chart. Restaurants are continuing to open and businesses are thriving.
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1. Incidence matters. 2. Exogenous trends. 3. Move to Labor Monopsony, or From Family Restaurant to Mega-Chains. 4. Straw Man overstatement or I, at least, said the effects of minimum wage would be small (1) so easily hidden by (2) and split between income loss and higher prices.
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The minimum wage has been raised 21 times—19 times it was good for the economy, 2 times it was too small an increase to make any difference. It has NEVER done anything close to the doom & gloom prophecies of the conservatives.
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When low income people have more money they spend it. They are the true job creators.
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Yes, they are the beating heart of the economy, pumping the life blood, the money, to all sectors, stimulating all the businesses and services. They don't siphon it off by saving or investing in things like the stock market, which bleeds the economy dry.
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Tacoma and Bellevue, which do NOT have a $15 minimum wage, have been included in this chart. Where is the Seattle-only chart?
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Still in denial, eh?
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You forgot to label the axes.
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Thank you! It looks like food service workers are making $150k/yr in 2018!
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