07-24-2015, 12:30 PM
(07-23-2015, 10:35 PM)bfine32 Wrote: http://www.foxnews.com/politics/2015/07/22/seattle-sees-fallout-from-15-minimum-wage-as-other-cities-follow-suit/
Seattle’s $15 minimum wage law is supposed to lift workers out of poverty and move them off public assistance. But there may be a hitch in the plan.
Evidence is surfacing that some workers are asking their bosses for fewer hours as their wages rise – in a bid to keep overall income down so they don’t lose public subsidies for things like food, child care and rent.
Doesn't matter if the wealth is spread out among more workers. It is still helping lower income workers.
Plus I noticed the story says "These claims are difficult to prove."
Sounds like just more right-wing propaganda. Same with the price-gouging taking place that is blamed on the increase in minimum wage. Labor costs is generally way less than half the costs of running a business, and not all workers are being paid minimum wage. MOst managers are being paid well over twice minimum wage. So the minimum wage workrs only account for a posrtionof the labor costs. And finally a raise from $7.50 to $11 is only about a 40% increase. So businesses raising cost 15% to cover the increase are just making an excuse to increase their profit margin.
