Minimum wage, maximum hassle. Uncompromising activists threaten to take $15 to November ballot.
My column today’s looks at the ongoing wrangling in Seattle City Hall over how to get to a $15 minimum wage. What Seattle does matters statewide. So far, no one has devised a containment strategy to prevent Seattle politics from spreading. It’s not Vegas. What happens in Seattle doesn’t stay in Seattle. …Here’s what’s clear: […]
23rd of April 2014
Review roundup: Some contrarian take's on Piketty's "Capital in the 21st Century"
I’ve not read the book. Yet. But I’ve enjoyed reading the reviews of Thomas Piketty’s controversial, celebrated, and widely cited book on income inequality, capital and labor. Here are a few for you. Robert J. Samuelson in the Washington Post: Though Piketty is an economist, his book is essentially a work of political science. He […]
17th of April 2014
Looking beyond employment effects of higher minimum wage: loss of non-monetary benefits, increased workload, heavier payroll taxes
Mark Perry, a scholar at the American Enterprise Institute, effectively counters claims that a higher minimum wage has minimal impacts on employment. I’ve argued before on CD that saying (or finding empirically) that minimum wage increases have no or very small effects on employment levels is not the same as saying that minimum wage increases have no negative effects on low-skilled and unskilled […]
10th of April 2014
Job loss from minimum wage hikes often less than expected, NCPA explains why. Increase is offset by reducing other compensation.
The National Center for Policy Analysis takes on one of the challenges posed by supporters of an increased minimum wage. Specifically, they answer the question of why job losses often come in lower than opponents predict. It’s a short, compelling research post. The gist: Both proponents and opponents of minimum-wage hikes do not realize that […]
20th of March 2014
How public policy supports low-wage workers and the high cost of the minimum wage
There’s no dearth of good analysis on the effects of raising the minimum wage. Let me call attention to a few of them here. First, a look at the income supports available to low-wage workers, as shown in this graph from a short and incisive AEI blog post. AEI fellow Robert Doar concludes, So […]
6th of March 2014
Regional economist sets a low bar. Says a $15 minimum wage is "not outrageous." It's also not a good idea.
Regional economist Dick Conway told KPLU that a $15 minimum wage is “really not that outrageous.” Conway has been on record before; he was the economist Gov. Inslee cited by name at AWB’s legislative day (about 41 minutes in). As a benchmark for setting public policy affecting thousands of businesses and tens of thousands of employees, […]
27th of February 2014
Minimum wage, the cost of living and the cost of doing business, even nonprofit businesses
As Mark Perry, AEI scholar and University of Michigan economist, points out, there’s no science to setting a minimum wage. But where does a minimum wage of $10.10 (or $9) per hour come from? Economic theory? Economic reasoning? Economic logic? Regression analysis? No. It comes from….. well it comes from….. OK, to be really honest, […]
24th of February 2014
Bipartisan supplemental budget proposal from state Senate adds $96 million, no tax hikes
Senate Ways and Means chairman Andy Hill, R-Redmond, just concluded a press conference unveiling his proposed 2014 supplemental operating budget. To underscore the bipartisan nature of the process, he was joined by the Democrats’ lead budget writer Jim Hargrove, D-Hoquiam and other Republicans and Democrats involved in developing the proposal. Although Hill had previously said […]
Gubernatorial reactions to Chief Executive magazine's annual "Best & Worst States for Business" Report, including #36 Washington
In what looks a lot like a way to spark interest in the spring release of its annual ranking of state business climates based on CEO perceptions, Chief Executive magazine just published a list of how governors responded to the 2013 rankings. Here’s how the magazine conducts its ranking. Business leaders were asked to grade […]
A must-read column examines the $15 minimum wage from the perspective of a small restaurant owner who opposes it
Danny Westneat’s column in Sunday’s Seattle Times should be required reading for anyone concerned about the impact of a $15 minimum wage on Seattle businesses. I can’t do it justice in this post and encourage you to click through and read it now. He frames the column around restaurant owner John Platt, whom he describes […]