Receipt Shows What Is Wrong with the Minimum Wage
In a previous post, I noted that Seattle’s proposed minimum wage was already having a negative impact on job creation and that Chicago should be wary of implementing a similar government mandated wage.
Alex Bolt, writing on Openmarket.org, lists several examples of how SeaTac’s, a suburb outside of Seattle, $15 minimum wage hike has already discouraged employers from hiring and expanding their businesses.
And now businesses in SeaTac have begun to pass on the cost of a $15 minimum wage to consumers by charging a 8.25 percent living wage surcharge, see below:
What’s wrong with SeaTac’s $15 min wage in 1 photo — Local businesses are now adding 8.25% “living wage surcharge” pic.twitter.com/IMifQRIWhN
— Mark J. Perry (@Mark_J_Perry) June 5, 2014
Watchdog.org has verified that the receipt is authentic and reports, “To deal with the higher wage, enacted on Jan. 1, Masterpark is charging customers an additional 99 cents per parking day, a surcharge that comes on top of all other taxes and fees.”
Hopefully, the adverse outcome in SeaTac should act as a warning to any city contemplating a minimum wage hike, especially one like Chicago with 10.9 percent unemployment rate.