By Jack Nicastro of Reason. Excerpts:
"Seattle's minimum wage increased to $20.76 per hour on Wednesday"
"Seattle adopted the Minimum Wage Ordinance in June 2014, amending the city's municipal code to implement yearly increases from January 1, 2016, through January 1, 2025. The law distinguished "Schedule 1" employers, which have more than 500 employees, from "Schedule 2" employers, which have 500 or fewer. Until last Wednesday, the ordinance allowed the second group, but not the first, to meet its compensation requirement through tax-preferred contributions to employee medical plans rather than direct wage increases"
"a 2021 study by the Evans School of Public Policy & Governance at the University of Washington found that that's not what happened. The study found "no evidence to suggest…that Seattle's minimum wage lowered the overall level of earnings inequality across all workers in the city.""
"Already, Corina Lukenbach's Bebop Waffle Shop has responded to the new rules by shutting down."
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