Five years after Seattle’s proposed $15-an-hour minimum wage made national news, it’s back in the national spotlight as some candidates for President have proposed raising the national minimum wage from the current $7.25 an hour. Seattle adopted the $15 minimum, which takes effect next year.
In the midst of this debate, msn.com recently aired a piece examining Seattle’s economic ripples since passing the higher minimum wage into law.
In short, it found mixed results. Many lower-wage employees got raises, but businesses have adjusted by shortening hours, changing their business models, and in some cases, closing altogether after factoring higher wages onto other rising prices for food, property taxes and other new employee benefits.
Read about the report and watch the news clip on Seattle here.