Five years after Seattle led the nation in approving a $15-an-hour minimum wage, a downside that had been predicted has come true. While many now are being paid more, data show that Seattle’s pace of entry-level job creation, which had been keeping pace with the state, has fallen short of the state’s overall.
In a new video, American consumer television personality and former network reporter John Stossel examines one outcome of the higher minimum wage that Washington Retail had predicted: that it discourages hiring entry-level workers.
Stossel’s report references wealthy countries without minimum wages – Sweden, Norway, Iceland and Switzerland – and notes that lower minimum wages enable Switzerland to have a lower unemployment rate than the U.S.
Source: Washington Policy Center