$15.00 Minimum Wage

[Badger52]

FNC article on the subject and the wonders it's done.

Seattle's first-in-the-nation $15 per hour minimum wage law is hurting the workers it aimed to help, a new study has found.

The working poor are making more per hour but taking home less pay. The University of Washington paper asserts the new wages boosted worker pay by 3 percent, but also resulted in a 9-percent reduction in hours and a $125 cut to the monthly paychecks.

The law also cost the city 5,000 jobs, the report said.

Note that they did not discuss whether the heretics conducting the study were arrested for blaspheming. Interesting, for Fox it's a "Politics" article, for CNN a "Money" article, and for MSNBC... oh, never mind.

Here's the study itself.

[Badger52]

Ya know, when you get a bad grade & refuse to attribute it to lack of performance, just get a new grader (on the taxpayer's dime).

Seattle doesn't like study; commissions new one.

Snippet

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.

Sawant, a former economics professor at Seattle Central Community College who ran for office as a Socialist, accused the UW team of “ideologically editorializing." She and Mayor Ed Murray then contacted Michael Reich, an economics professor at the University of California at Berkeley.

File under totally predictable.