Seattle gambles its entire economy on minimum wage hike

Seattle gambles its entire economy on minimum wage hike

The Emerald City is set to collapse.

Not Dorothy’s, but Kshama’s.

Kshama Sawant is the Seattle city councilor pushing her colleagues to force private businesses and nonprofits to raise the minimum wage to $15 per hour — the highest rate in the nation.

While Sawant, an avowed socialist, has been beating the drum on the issue for months, just last week Seattle Mayor Ed Murray announced his intention to support the wage hike.

Yet, as liberals and progressives everywhere are clamoring for social change in the form of government-mandated raises for workers, one supporter of higher pay for minimum wage workers suggests Seattle may be going too far.

“I generally support a higher pay floor. And I love a good experiment. But I can’t help but wonder if Seattle is poised to take a step too far.” wrote Slate business and economics correspondent Jordan Weissmann. He also noted that while the push for a $15-an-hour minimum wage made for good politics that played well with local progressives, it is “built on dubious economics.”

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