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, […]
3rd of March 2014
Warren Buffet says $15 minimum wage would hurt jobs, Speaker Chopp says no vote on $12 minimum this year, and more
Warren Buffett weighs in on the federal minimum wage. “If you could have a minimum wage of $15 and it didn’t hurt anything else, I would love it,” he said. “But clearly that isn’t the case.” However, he added, he wouldn’t argue with President Obama’s proposal for a more modest increase, to $10.10 an hour […]
24th of February 2014
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 […]
19th of February 2014
CBO estimates of job losses caused by minimum wage reflect mainstream economic analysis
Following its estimate of job losses likely to result from lifting the federal minimum wage to $10.10, the Congressional Budget Office is on the receiving end of some none-too-gentle second guessing. For example, from this AP story, Jason Furman, chairman of the White House’s Council of Economic Advisers, and council member Betsey Stevenson referred in […]