“Seattle raises minimum wage to $15 an hour”
The long road to economic ruin begins with a single ludicrous step…
Martina Phelps says the Seattle City Council’s historic vote Monday to raise the minimum wage to $15 per hour could change her life.
Phelps, 22, earns $9.47 per hour working for a McDonald’s restaurant near downtown. She wants to move out of her mother’s South Seattle home, and she wants to go back to school. She says those things could happen now that the city will have the nation’s highest minimum wage.
“It’s hard right now,” she told USA TODAY hours before the midafternoon vote. “I have been trying to save up for school, but I just can’t do it. This would mean a lot.”
The council unanimously approved the measure before a packed house.
The plan, which includes a lower training wage aimed at teenagers, will phase in the higher, local minimum over three to seven years, depending on the size of the business and benefits they provide employees. Next April 1, when the plan takes effect, every worker will get at least a $1-an-hour raise.
City officials estimate that about a quarter of workers earn less than $15 an hour. Full-time work at that rate translates to about $31,000 a year.
Okay. So let’s do the math here: what are the advantages, if you’re a business owner or prospective franchisee, of opening a small business that requires you to pay above market value for labor? What’s the incentive? Your love of microbrews and rain? Because this will end up costing jobs, driving up end product prices, and creating a scenario under which far fewer people can afford to purchase discretionary goods.
Meaning, you end up either with a gentrified city — which the flannel-clad hipsters evidently don’t see coming — or else you’re on your way to becoming Detroit on the Puget Sound, which anyone with any economic sense can see coming, a fact that sadly rules out the same flannel-clad hipsters who believe they won a victory today. I can’t wait to see the revolt when forced wage increases are met with cuts to, say, free in-store WiFi. Because REVOLUTION!
The victory, such as it is, is typical of leftist agitators. They’ll reap the immediate rewards, then leave the city barren when the businesses leave and the next generation of workers can find no entry level work.
They’re like locusts, these people. Only they don’t have the courtesy to bury themselves under ground for 7-years at a time before bothering the rest of us again.