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Monday, June 02, 2014

Come on, Economists, Let's Settle Something with Seattle!

I would love to see a policy debate settled using actual data, and today the city of Seattle is giving us that chance.

Today, Seattle raised the city's minimum wage to $15. Way to go, Seattle, btw.

Now, there are far too many op-ed pieces about the impact of the minimum wage for me to list here (here's one I like), but needless to say, it is a major talking point and policy fight.

From Wikipedia
But today we have a chance to examine the impact of a minimum wage hike in the real world, and we can compare what happens in Seattle to 12 other cities with similar populations (one of which is in the same region).

Let's stop citing theories or regurgitating our party-line talking points.

Let's let the data do the talking!

I'm looking at you economists. Get on this.

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