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Check out this graph from John Stossel’s latest video on the $15 minimum wage increase in Seattle! It shows a direct hit on entry-level jobs corresponding with the mandate. WPC’s Erin Shannon appears about 1:18 in.
WPC warned that Seattle’s $15/hour minimum wage would benefit some but hurt others, especially entry-level and low skilled workers. It can also hurt businesses and those who might be seeking to start a business. Unfortunately, most of the minimum wage debate is framed as “giving people more money” and relatively little attention is given to the unintended consequences of these mandates.
