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Saturday, April 23, 2016

Early Analysis of Seattle’s $15 Wage Law: Effect on Prices Minimal

From UW News and Information:

Early analysis of Seattle’s $15 wage law: Effect on prices minimal one year after implementation: Most Seattle employers surveyed in a University of Washington-led study said in 2015 that they expected to raise prices on goods and services to compensate for the city’s move to a $15 per hour minimum wage.

But a year after the law’s April 2015 implementation, the study indicates such increases don’t seem to be happening.

The interdisciplinary Seattle Minimum Wage Study team, centered in the Evans School for Public Policy & Governance surveyed employers and workers and scanned area commodity and service prices. The team’s report found “little or no evidence” of price increases in Seattle relative to other areas, its report states. ...

    Posted by on Saturday, April 23, 2016 at 01:42 PM in Economics | Permalink  Comments (48)


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