Monday’s announcement that the Seattle city council had voted 9-0 to raise the city’s minimum wage to $15 an hour was much more about advancing a political agenda than about improving economic conditions of the working poor. It also revealed extraordinary economic ignorance among those supporting the measure. Said City Councilman Nick Licata:
By significantly raising the minimum wage, Seattle’s prosperity will be shared by more people and create a sustainable model for continued growth.
SEIU Local 775 President David Rolf expanded on the economic nonsense:
[The new law] will pump nearly $500 million into Washington’s economy, proving that a higher minimum wage fuels business and job growth.
It’s a good thing the council didn’t decide to repeal the law of gravity at the same time.