A 'minimum wage' that kills wages

Perry Como once recorded a very popular song called "Seattle."  It goes like this:   The bluest skies you've ever seen in Seattle And the hills the greenest green in Seattle Like a beautiful child growing up free and wild Full of hopes and full of fears Full of laughter full of tears Full of dreams to last the years in Seattle In Seattle Nobody is talking about blue skies or green hills in Seattle these days.  Instead, people are getting a serious lesson in Economics 101, or what happens when you raise wages to pander for votes and end up hurting the people you were trying to help.   It goes like this:    As cities across the country pushed their minimum wages to untested heights in recent years, some economists began to ask: How high is too high? Seattle, with its highest-in-the-country minimum wage, may have hit that limit. In January 2016, Seattle’s minimum wage jumped from $11 an hour to $13...(Read Full Post)