Quote:
Originally Posted by rubecube
I don't disagree, just chaps my ass when people say "The facts about the Seattle experiment prove..." because it proves they're clearly talking out of their asses. First of all, Seattle still doesn't have a $15 minimum wage and won't have one universally until 2021. Secondly, all of the articles I've seen quoting various worried business owners have been completely discredited as false or misleading. Finally, if anyone has been to Seattle recently, they'd realize how ridiculous it is to state that the minimum wage is collapsing the local economy. The downtown harbour is undergoing massive redevelopment, as are parts of Belltown and the International District. Granted some of these projects are condos and office buildings buying out local businesses, but saying that anything has been proven by the Seattle experiment is completely dishonest.
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Considering we all agree that there is a lack of macro economic empirical evidence one way or another, would it not be prudent to lay off this policy at a time when the economy is deteriorating rapidly?