Study: Seattle Min Wage increase hurting jobs and wages

[UCFKnight85]

A shock to absolutely no one who has an elementary understanding of how wages work in a small business. But hilariously embarrassing for the left wing SJWs who fought for this and now look like idiots.

Backstory: Seattle passed this Min Wage a few years ago and it's not even to $15/hour yet. The government asked a bipartisan group of economists at U of W to study the impact.

They found that on a whole, workers are getting 9% less hours than before, resulting in 6% less wages, which translates to roughly $125 lost wages every month.

So basically, in this fight on INCOME INEQUALITY!, these liberals have assured that these workers will actually take home less. Bravo!

http://www.seattletimes.com/business/uw-study-finds-seattles-minimum-wage-is-costing-jobs/

Predictably, the PARTY OF SCIENCE! has totally ignored these findings and just recently, the extremist known as Keith Ellison posted a video celebrating Minneapolis' adoption of $15 min wage, on the same day this study came out.

 

[NinjaKnight]

This is my shocked face :|

 

[KnighttimeJoe]

 

[UCF11and1]

A shock to absolutely no one who has an elementary understanding of how wages work in a small business. But hilariously embarrassing for the left wing SJWs who fought for this and now look like idiots.

Backstory: Seattle passed this Min Wage a few years ago and it's not even to $15/hour yet. The government asked a bipartisan group of economists at U of W to study the impact.

They found that on a whole, workers are getting 9% less hours than before, resulting in 6% less wages, which translates to roughly $125 lost wages every month.

So basically, in this fight on INCOME INEQUALITY!, these liberals have assured that these workers will actually take home less. Bravo!

http://www.seattletimes.com/business/uw-study-finds-seattles-minimum-wage-is-costing-jobs/

Predictably, the PARTY OF SCIENCE! has totally ignored these findings and just recently, the extremist known as Keith Ellison posted a video celebrating Minneapolis' adoption of $15 min wage, on the same day this study came out.

Another way to look at the data is they are working 9% fewer hours (9 percent reduction in hours worked in such jobs) to get the same or slightly larger paycheck than were getting before (boosting pay in low-wage jobs by about 3 percent since 2014). Something is missing to get to the $125 loss in pay per job (more part-time jobs? people working 2 jobs dropped hours because now can get by with 1x8-hours + 1x4-hours instead of 2x8-hours?)

I think what is happening is that people making $17-$19/hour didn't get a bump and the real minimum wage people are not working 60-hours/week

 

[UCFEE]

We don't need money anymore. We don't need work weeks anymore. We've become so efficient with our resources there's no longer a need to live within economic systems based on scarcity. When people without the mental flexibility to understand this die off a better system / world will be created.

 

[UCFKnight85]

We don't need money anymore. We don't need work weeks anymore. We've become so efficient with our resources there's no longer a need to live within economic systems based on scarcity. When people without the mental flexibility to understand this die off a better system / world will be created.

Those drugs are even stronger in Colorado now aren't they?

 

[UCFEE]

Dude, you're talking terms that are totally obsolete. Study exponential finance at Singularity University. Nothing about existing economic models applies anymore, most people don't know what to do about it, so they cling to the belief that what they learned in business school as if it still applies and we're not living in a propped up zombie economy.

It's all fake man. Cling as long as you need, but it ain't gunna last much longer.

 

[Sir Galahad]

Dude, you're talking terms that are totally obsolete. Study exponential finance at Singularity University. Nothing about existing economic models applies anymore, most people don't know what to do about it, so they cling to the belief that what they learned in business school as if it still applies and we're not living in a propped up zombie economy.

It's all fake man. Cling as long as you need, but it ain't gunna last much longer.

I can't wait for legalized marijuana in Florida. Looking forward to being out of my mind like EE.

 

[UCFKnight85]

Dude, you're talking terms that are totally obsolete. Study exponential finance at Singularity University. Nothing about existing economic models applies anymore, most people don't know what to do about it, so they cling to the belief that what they learned in business school as if it still applies and we're not living in a propped up zombie economy.

It's all fake man. Cling as long as you need, but it ain't gunna last much longer.

Ok bud. Let me know when we all ditch the dollar in favor of hugs and locally brewed lattes as currency.

In the meantime, enjoy those mind altering drugs

 

[SublimeKnight]

Ok bud. Let me know when we all ditch the dollar in favor of hugs and locally brewed lattes as currency.

In the meantime, enjoy those mind altering drugs

He sounds crazy, but the singularity will either bring a Utopia or death to us all. The economic systems we have today will no longer apply when everything is automated and improved by automation. There's really no role for humans at all.

...but that's not today, or tomorrow, or probably not this decade (at the rate of AI advance, I'm not as sure on that one)

 

[Bob the Citronaut]

Dude, you're talking terms that are totally obsolete. Study exponential finance at Singularity University. Nothing about existing economic models applies anymore, most people don't know what to do about it, so they cling to the belief that what they learned in business school as if it still applies and we're not living in a propped up zombie economy.

It's all fake man. Cling as long as you need, but it ain't gunna last much longer.

Not this shit again.

 

[UCFWayne]

apparently, colorado has the best drugs