This is an interesting development – to see the medium and long term effects.. more of the cake to the middle class… presumably more spending and a thriving economy…
The Seattle City Council voted unanimously on Monday to raise the local minimum wage to $15 an hour, more than double the federal minimum.
New York Times: The vote, “after months of discussion by a committee of business and labor leaders convened by Mayor Ed Murray, will give low-wage workers here — in incremental stages, with different tracks for different sizes of business — the highest big-city minimum in the nation.”
“The vote, economists and labor experts said, accentuates the patchwork in wages around the country, with places like Seattle — and other cities considering sharply higher minimum pay, including San Diego, Chicago and San Francisco — having economic outlooks increasingly distinct from those in other parts of the nation. Through much of the South, especially, the federal minimum of $7.25 holds fast.”