Jonah
Well-Known Member
It’s being phased in over time: three years (for large employers) to seven years (for small employers). So way too early to tell in hard numbers for the Seattle area.Has raising minimum wage in Seattle resulted in higher unemployment?
However, in general, raising the minimum wage can and usually does have some minimal effect on job loss, especially among teens and low-skilled workers. Where you ultimately stand on the issue depends on your political philosophy, how you weigh a small drop in employment against the increased earnings and purchasing power for the still employed and, more broadly, how the minimum wage affects income inequality and poverty.