seattle: Jason Redmond/Reuters Seattle minimum-wage experiment offers encouaraging results 12/09/16 09 26 AM Updated 12/09/16 09 36 AM By Steve Benen When Seattle raised its minimum wage to 15 an hour, the right predicted an economic disaster for the city, according to MSNBC. The predictions were entirely in line with what Republican policymakers say anytime the subject comes up anywhere raising the cost of labor will lead employers to hire fewer workers, which has the effect of pushing unemployment higher. People rally in support of a 15 minimum wage at Seattle Central Community College in Seattle, Washington March 15, 2014. Bloomberg View Barry Ritholtz published a piece this week taking a look at how those predictions are holding up in Seattle case study. Although you can never declare a game over until the final whistle, this experiment is starting to look like a rout. As one of my colleagues wrote last week, the unemployment rate in the city of Seattle the tip of the spear when it comes to minimum wage experiments has now hit a new cycle low of 3.4%. Meanwhile, a University of Washington study on the minimum wage law found little or no evidence of job losses or business closings.
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