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Bloomberg Opinion
Bloomberg Opinion
Bloomberg Opinion
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@bopinion

Opinions on business, economics and much more from the editors and columnists at Bloomberg Opinion.

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bloomberg.com/opinion
Joined December 2010

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    Bloomberg Opinion‏Verified account @bopinion 27 Dec 2018

    Seattle's $15 minimum wage was supposed to crush hiring. Look at what happened instead https://bloom.bg/2EPA2LD pic.twitter.com/Pj6ArAxrHH

    10:11 pm - 27 Dec 2018
    • 5,469 Retweets
    • 8,792 Likes
    • DAJR SGSwritereditor Exnihlo89 Laura Leach Mark Quintana Ve10Ve 🌊🇪🇺🇮🇹 #FBR #FBPE MachadoRedacted gaz🦕 Killian
    312 replies . 5,469 retweets 8,792 likes
      1. New conversation
      2. rodnchance‏ @rodnchance 28 Dec 2018
        Replying to @bopinion

        It's almost as if when more people have more money they spend it on more things from more businesses, how strange.

        14 replies . 106 retweets 1,153 likes
      3. Jason Navarro‏ @L00tPrime 28 Dec 2018
        Replying to @rodnchance @bopinion

        b-bu-but if we gave corporations and billionaires 500 billion tax cuts then they will trickle their wealth down to us to make us rich even when they don't have an incentive to create jobs or start a business .but it's money!!!!

        8 replies . 9 retweets 425 likes
      4. MClarissa‏ @MClarissa 28 Dec 2018
        Replying to @L00tPrime @rodnchance @bopinion

        They wld have gotten away with it too if it wasnt for u meddling kids

        2 replies . 1 retweet 132 likes
      5. 2 more replies
      1. New conversation
      2. Oolong‏ @MxOolong 28 Dec 2018
        Replying to @bopinion

        Would've been nice if the chart indicated when minimum wage was introduced, too. Was it right at the start of the period shown? I guess we'll never know (unless we click through to the article)! Why include a graph without enough info to make it meaningful?

        12 replies . 1 retweet 119 likes
      3. takethepith‏ @takethepith 28 Dec 2018
        Replying to @MxOolong @bopinion

        Yeah, they should have included that. It started April 1, 2015, so about here:pic.twitter.com/dHPK4muQJG

        11 replies . 18 retweets 366 likes
      4. simon‏ @ak_simun 28 Dec 2018
        Replying to @takethepith @MxOolong @bopinion

        Worth noting that employers (if they were going to cut back on hiring) would probably respond before the date the $15 minimum was enacted

        1 reply . 1 retweet 33 likes
      5. Bull Moose‏ @BullMooseFuture 28 Dec 2018
        Replying to @ak_simun @takethepith and

        Either way, from proposal to enactment, there's no inflection I can see in that data.

        1 reply . 0 retweets 12 likes
      6. No dilbit‏ @Nodilbit 28 Dec 2018
        Replying to @BullMooseFuture @ak_simun and

        I am guessing that your point is raising the M wage had no effect on hiring as, according to this graph it was rising already?

        1 reply . 0 retweets 7 likes
      7. takethepith‏ @takethepith 28 Dec 2018
        Replying to @Nodilbit @BullMooseFuture and

        Yup. It seems to have provided all the positives that proponents predicted and none of the negatives opponents predicted.

        2 replies . 0 retweets 21 likes
      8. Bull Moose‏ @BullMooseFuture 28 Dec 2018
        Replying to @takethepith @Nodilbit and

        It's not that hard to understand why minimum wage wouldn't be a major factor in aggregate hiring. Maybe if you just looked at hiring by the types of businesses that hire a significant percentage of min wage workers you'd see some effect.

        2 replies . 0 retweets 3 likes
      9. takethepith‏ @takethepith 28 Dec 2018
        Replying to @BullMooseFuture @Nodilbit and

        The graph shows hiring in "good service and drinking place" employment

        2 replies . 0 retweets 27 likes
      10. 1 more reply
      1. New conversation
      2. Feminazgûl‏ @jkyles10 28 Dec 2018
        Replying to @bopinion

        It's almost as though paying people more money will lead to people spending more money which will in turn support more businesses which I kinda thought was one of the good things about capitalism.

        4 replies . 58 retweets 828 likes
      3. Joseph‏ @joetweets1987 28 Dec 2018
        Replying to @jkyles10 @bopinion

        you mean giving the rich people all the money doesn’t work?

        1 reply . 0 retweets 87 likes
      4. 1 more reply
      1. New conversation
      2. cameron west‏ @cameronwest 28 Dec 2018
        Replying to @bopinion

        What happened instead is that housing prices went absolutely through the roof and now, people making that $15/hour in Seattle, can’t even live CLOSE to the city they work on...shit, BREMERTON is pricing people out now for Christ’s sake...well done everyone!

        38 replies . 1 retweet 31 likes
      3. dfalls‏ @dfalls38 28 Dec 2018
        Replying to @cameronwest @bopinion

        Housing prices have been high before any of this took place. Not because of it.

        1 reply . 1 retweet 160 likes
      4. tt‏ @hhcharing 29 Dec 2018
        Replying to @dfalls38 @cameronwest @bopinion

        Simple answer build more houses.

        3 replies . 1 retweet 11 likes
      5. End of conversation

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