Trickle-down shills have 3 arguments against increasing the minimum wage: Jobs will disappear, businesses will go bankrup, and the price of goods will skyrocket. Wrong! These are claims are really just intimidation tactics masquerading as economic theory.
For decades, GOP trickle-down stooges have fed you lies about the minimum wage. But here are the facts -- since Seattle raised its minimum wage to $15 an hour:
- Instead of workers losing jobs, they reported more job stability.
- Instead of shops and restaurants going out of business, workers finally had money to spend and contribute to the local economy.
- There was no overall impact of the minimum wage on restaurant prices. Period. And there was no overall impact of the minimum wage on grocery prices. Period.
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Why does Seattle’s county have more restaurants now than at any point in its history?
It’s because those workers who got a raise now have more money to spend in the city around them. Those restaurant workers are eating in more restaurants. They’re buying more groceries. They’re buying more clothes and cars. That increased consumer demand is creating jobs, and more than paying for the increased minimum wage. The $15 minimum wage established a positive feedback loop that created growth in Seattle by including more people in the economy.
In other words, it worked exactly as intended. And it can work in cities and states around the country.
It’s because those workers who got a raise now have more money to spend in the city around them. Those restaurant workers are eating in more restaurants. They’re buying more groceries. They’re buying more clothes and cars. That increased consumer demand is creating jobs, and more than paying for the increased minimum wage. The $15 minimum wage established a positive feedback loop that created growth in Seattle by including more people in the economy.
In other words, it worked exactly as intended. And it can work in cities and states around the country.
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It’s time to show trickle-downers they are full of shit. It’s time to raise the wage.
http://go.civicaction.com/Raise-The-Wage
-The team at Civic Action
http://go.civicaction.com/Raise-The-Wage
-The team at Civic Action
Did it cause the property values to go up?
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