The results are in,… There are NO Dire Effects to Raising the Minimum Wage.
Nick Hanauer (@NickHanauer) an American entrepreneur and venture capitalist and $15 per hour minimum wage advocate wrote on FaceBook Thu, Dec 1, 2016 quoting from Barry Ritholtz‘s The Big Picture blog article:
“I think it’s safe to say we’ve got enough data – over almost two years now – to declare that Seattle has not suffered adverse consequences from its increases in the minimum wage, and has certainly not experienced the dire effects foretold by the anti-min wage crowd.“
Seattle Minimum Wage Experiment is Over – The Big Picture
@TBPInvictus here: In light of a recent monthly release from the Bureau of Labor Statistics (BLS), time for a quick trip to the glorious pacific northwest and the Seattle, WA area to revisit what’s been happening there in the wake of that city’s rising minimum wage.