[Locke]

Originally Posted by Finger Cookin

This is an older article from June 2014, but it's still a good read.

http://www.politico.com/magazine/sto...4#.VX85i_lVhBc

Here's some excerpts, but I encourage you to read the whole thing.

Well, trickle-downers, look at the data here: The two cities in the nation with the highest rate of job growth by small businesses are San Francisco and Seattle. Guess which cities have the highest minimum wage? San Francisco and Seattle. The fastest-growing big city in America? Seattle. Fifteen dollars isn’t a risky untried policy for us. It’s doubling down on the strategy that’s already allowing our city to kick your city’s ass.

Yes, Seattle and San Francisco have the highest rate of job growth by small businesses because of the higher minimum wage. No possible other correlation of any kind. Why not because they have the most homosexuals per capita or because of their proximity to the sea while we're grasping at completely unrelated trivia.

I will grant that his point about having people with more disposable income is a great thing, but he writes as though there is this limitless pool of capital, the money has to come from somewhere.

However, I'll contest his point about the specific, $15 minimum wage. There is usually a balance point, if your minimum wage is already 30% higher than the national then making it 50% higher might push the feasibility too far.