Damn You, $15 an Hour Minimum Wage!
Anybody who actually lives, works, or eats in Seattle knows firsthand that our local restaurant industry is booming. But for those of you on a raw data diet, the Federal Reserve of St. Louis serves up the above bland-if-nourishing graph that confirms the intuition of our eyes and tastebuds: Seattle’s restaurant industry is booming. In fact, despite the doom and gloom predictions of minimum wage opponents, food service industry employment in the greater Seattle metropolitan area has actually accelerated since adopting our phased in $15 ordinance.
Damn you, $15 an hour minimum wage!
Of course, the graph above represents all of King, Snohomish, and Pierce counties, so what about Seattle proper? That’s not as easily discernible from the Fed data, but as Paul pointed out last week, a new report from the University of Washington finds wages, jobs, and hours up for Seattle’s low-wage workers over the first year of phase-in, without any observable negative impact on businesses:
The data are coming in, and they prove that contrary to the empty threats we’ve been hearing from conservatives, the sky has not fallen. Our job market is strong. Our workers are working more hours and making more money, which they are then spending locally, which allows employers to hire more people to meet with increased demand. Seattle’s march to the $15 minimum wage is right on track.
Yeah, I know, it’ll take years to tease out the full impact of the $15 ordinance, and even the analysis will be somewhat speculative and subjective. But so far, predictions of job losses remain theoretical while workers’ wage gains are very, very real.