The New SeaTac Minimum Wage Does not Go Far Enough

Residents near the Seattle-Tacoma International Airport (SeaTac) voted to raise the minimum wage for hospitality and transportation workers from $9.19 an hour to $15 an hour. The president of a local SEIU chapter said that voters were sick of waiting for companies and Congress to take action against stagnant wages. He also added "For the first time in many years, the people who put fuel in jets might just be able to buy a ticket on one." It's about time. Addressing the underlying factors as to why wages are stagnant is unimportant. And way too complicated. Avoiding this issue is a nice side benefit, too, as creating an environment where opportunity flourishes is much more difficult. It is much easier to support a "WE CARE MORE" ballot measure and mandate economic results. Feeling good and grandstanding is a much better political platform than supporting basic free-market capitalism. Especially in Seattle. Historically, most economists have argued that minimum wage requirements...(Read Full Post)