The city of Seattle recently decided to establish a $15-per-hour minimum wage to be implemented over time. The wage hasn’t yet reached that level and there are already problems:
https://twitter.com/AnnieLowrey/status/879298031815991296
Surprised? Many are not:
Yep, supply & demand are still working. https://t.co/saFK8R5Cbg
— Scott Lincicome (@scottlincicome) June 26, 2017
Who could have guessed this would happen besides everyone with a 6th grader's grasp of economics? https://t.co/cVsGzyTAlv
— Matt Walsh (@MattWalshBlog) June 26, 2017
WHO COULD HAVE FORESEEN https://t.co/nvWCUM0eDR
— Shoshana Weissmann, Sloth Committee Chair ? (@senatorshoshana) June 26, 2017
Economics is a real bish. https://t.co/cNPEAe3Wqm
— David Edward ? (@_David_Edward) June 26, 2017
What lesson might Seattle progressives take from that?
Better make it $20. https://t.co/Gaon8cnTFi
— Charles C. W. Cooke (@charlescwcooke) June 26, 2017
Ha! It will not be surprising if that’s the city’s response:
That's such an arbitrary number. Why not $30? That means I care more about people, right? Hell, let's make it $50/hr! Why dream small?
— Brandon Miller (@BrandonMillerFL) June 26, 2017
Why not $1,000?
— ADP1??⭐??️? (@ADPONE) June 26, 2017
Sounds too low.
— Charles C. W. Cooke (@charlescwcooke) June 26, 2017