$15 Minimum Wage is Disastrous

By Eric Minor

Also Published At:

The $15 per hour minimum wage proposal being considered by the Mayor and the Seattle City Council is, in a word, disastrous. Many economists agree that minimum wage laws do more harm than good as they make it impossible for young and low skill workers to find jobs. Washington State already boasts the highest state-wide minimum wage in America at $9.32 per hour, though several localities such as San Francisco and SeaTac have recently enacted local ordinances that raise their minimum wage above their state levels a little or a lot.

If $9.32 makes the door to employment sticky for low skill workers, $15 slams it in their face and throws the deadbolt. Having attended the first three city council meetings on this subject, one almost gets the impression that it is a vanity project for the city leaders to see if they can one-up some of the other municipalities that are threatening to outshine them as most progressive kid on the block. This is of course a poor basis for policy, especially policy that uses the coercive power of government to intercede in the freely made choices of others.

The late Nobel Prize winning economist, Milton Friedman, summed the situation up nicely in an interview from the 1970’s: ” The minimum wage law is most properly described as a law saying employers must discriminate against people who have low skills. The law says here is a man who has a skill that would justify a wage rate of a $1.50 or $2.00 an hour. You may not employ him — it is illegal. If you employ him you have to pay him $2.50. What is the result? To employ him at $2.50, you have to engage in charity. Now there is nothing wrong with charity. But most employers are not in a position where they can engage in that kind of charity. Thus the consequences of minimum wage rates have been almost wholly bad, to increase unemployment and to increase poverty. Moreover, the effects have been concentrated on the groups that the do-gooders would most like to help (minorities).”

Although the numbers have changed since the ’70s, the universal truths remain the same. If you Google “Milton Friedman Minimum Wage”, the first link you will see is a short three minute clip from the interview quoted above. In it, Friedman shreds the assertion that minimum wages are beneficial.

I can lend credence to Friedman’s argument from my own first-hand experience. I live in Gig Harbor and commute to Seattle most days to conduct my primary vocation — software consulting. This affords me a good living. I also own a small retail shop in Gig Harbor called Animal Crackers Kid’s Store, which has been in business seven years. The community appreciates my shop — they have told me so many times.

In seven years I have never taken a paycheck, but the business at least breaks even at this point. I don’t relate this to garner sympathy — I relate it to emphasize a point. If that is the case for my small business, I know intuitively that similar stories exist for thousands of other small businesses in Seattle — slim or no profits. As Friedman suggested, small businesses are simply not in a position to survive a massive leap in the minimum wage rate, with the effect being the opposite of what some “well-meaning sponsors” of a $15 minimum wage intend. Dozens of Seattle small businesses have already testified to that effect at the first three council meetings on the subject.

Seattleites — wake up and take action. Tell the council in strong terms to remain silent on this matter. If the proponents of this disastrous proposal can get it qualified for a ballet measure — fine — at least the people of Seattle will get a chance to decide their own fate.


44 thoughts on “$15 Minimum Wage is Disastrous”

  1. SEO Premier is an SEO company which continues to grow and develop thanks to our client focused values, forward thinking processes and ethical, white-hat methodology.

    Google’s algorithm is volatile and it takes a forward thinking and well-structured agency to stay on top of any algorithmic changes and ensure their methodology is one step ahead of
    the game. At SEO Premier we pay particular attention to market changes and have a perfectly clean record with regards to Google updates.

  2. Undeniably imagine that that you said. Your favorite reason seemed to
    be at the internet the easiest thing to have in mind of.
    I say to you, I certainly get irked whilst other folks think about worries that they plainly don’t realize about.
    You controlled to hit the nail upon the top as smartly as defined out the entire thing without having side-effects , other people can take a signal.
    Will probably be back to get more. Thank you

  3. As a matter of fact, Xbox 360 has been the best
    selling console for 26 months in a row now. ” Now he says, “You’re going to leave
    me all alone here with Jose Canseco. An additional advantage is Trick Shot
    which can hit another target within 30 feet and deal
    double damage if the target is Feared.

  4. Pingback: astaxanthin
  5. Pingback: click here
  6. Pingback: usb stick
  7. Pingback: usb stick
  8. What i do not understood is actually how you’re not actually much more neatly-liked than you might be right now. You’re very intelligent. You realize therefore considerably relating to this matter, produced me for my part imagine it from so many various angles. Its like men and women aren’t involved except it is something to do with Girl gaga! Your own stuffs great. All the time deal with it up!

  9. hi!,I really like your writing very much! share we keep up a correspondence extra approximately your article on AOL? I need a specialist in this house to unravel my problem. Maybe that’s you! Looking ahead to see you.

  10. Excellent weblog here! Also your website quite a bit up very fast! What host are you the use of? Can I get your associate hyperlink for your host? I want my website loaded up as quickly as yours lol

  11. I do trust all of the ideas you have offered on your post. They’re very convincing and will definitely work. Nonetheless, the posts are too quick for novices. Could you please extend them a bit from next time? Thank you for the post.

  12. It’s in point of fact a great and helpful piece of information. Im happy that you shared this helpful info with us. Please stay us informed like this. Thank you for sharing.

  13. You really make it seem so easy along with your presentation but I to find this topic to be really something that I feel I’d by no means understand. It kind of feels too complex and extremely vast for me. I’m looking ahead on your subsequent publish, I will attempt to get the dangle of it!

  14. I would like to thank you for the efforts you have put in writing this web site. I am hoping the same high-grade web site post from you in the upcoming as well. In fact your creative writing abilities has encouraged me to get my own web site now. Actually the blogging is spreading its wings quickly. Your write up is a great example of it.

  15. I would like to thank you for the efforts you have put in writing this site. I’m hoping the same high-grade site post from you in the upcoming as well. Actually your creative writing abilities has encouraged me to get my own site now. Actually the blogging is spreading its wings quickly. Your write up is a good example of it.

  16. F*ckin’ awesome issues here. I’m very satisfied to peer your post. Thanks so much and i am looking ahead to touch you. Will you please drop me a e-mail?

  17. naturally like your web site however you have to check the spelling on several of your posts. Many of them are rife with spelling issues and I in finding it very troublesome to tell the reality nevertheless I’ll certainly come again again.

  18. You really make it appear really easy with your presentation but I in finding this topic to be really one thing which I believe I’d never understand. It sort of feels too complex and very extensive for me. I’m taking a look ahead for your subsequent submit, I’ll attempt to get the dangle of it!

  19. you’re actually a good webmaster. The website loading velocity is amazing. It seems that you’re doing any distinctive trick. Furthermore, The contents are masterwork. you have performed a magnificent process in this topic!

  20. I am not positive the place you are getting your info, but good topic. I needs to spend some time finding out much more or understanding more. Thank you for great info I used to be on the lookout for this info for my mission.

  21. Thank you a lot for sharing this with all people you really recognize what you’re talking about! Bookmarked. Please additionally seek advice from my website =). We may have a hyperlink alternate contract among us!

  22. Thanks for another fantastic article. The place else could anyone get that type of info in such a perfect way of writing? I’ve a presentation next week, and I am at the search for such info.

  23. Thanks for any other excellent article. The place else may just anyone get that type of information in such a perfect method of writing? I’ve a presentation subsequent week, and I’m at the search for such information.

  24. I do trust all the ideas you’ve presented in your post. They’re very convincing and can definitely work. Still, the posts are too quick for starters. Could you please extend them a bit from subsequent time? Thank you for the post.

  25. Hello very nice website!! Guy .. Beautiful .. Superb .. I will bookmark your website and take the feeds also¡KI am satisfied to find a lot of useful information right here in the submit, we’d like work out more techniques in this regard, thank you for sharing. . . . . .

  26. Thanks for another informative website. The place else may just I am getting that type of information written in such a perfect manner? I’ve a challenge that I’m just now running on, and I’ve been at the look out for such information.

  27. you are truly a excellent webmaster. The website loading velocity is incredible. It sort of feels that you are doing any distinctive trick. In addition, The contents are masterpiece. you have performed a great activity on this topic!

  28. The company has sold 6,486 units in the area and this number is down by 16 percent when compared with sales for that initial
    two months of 2006. My wife looked on-line but happened to be it
    delivered being an additional present (knowing how much i
    loved the first present) The gift was an i – Pod car kit that provided searching for connection into my
    car stereo perfect while i spend numerous time on the highway
    with business. In 2002, Fields took over as the chairman in the Premier Automotive Group – the company.

  29. Round 8 marked the 50th Formula BMW USA race since the series were only available
    in 2004. They may not be what is anxiety all of our problems, buy they are certainly a step inside the right direction. The turning signal
    lever doesn’t ‘click’ into place because rest with the world originates to commonly expect turn signals to function.

Leave a Reply to referencement-automatique.ch Cancel reply

Your email address will not be published. Required fields are marked *