A recent study by the University of Washington found negative effects of the minimum wage increase implemented by Seattle in the last few years. In a progressive city like Seattle, this wasn’t what they wanted to hear (which is probably why they commissioned UC Berkley to do another study, which, SURPRISE!… said that the minimum wage increase was just jim dandy!)
But what’s the reality? What are the basic economics of increasing the mandatory minimum rate of pay? We hash it out in today’s episode.
Links related to this episode:
The Truth About the Minimum Wage
– Pat and Jon