Did you see these two stories in the news this week?
First the business press reported that the SeaTac hotel industry is booming:
And then came word of a near-record-low 2.9% unemployment rate in Seattle as the $15 minimum wage phases in:
So uh yeah at this point I'm thinking it's pretty safe to conclude that the Chicken Little predictions were wrong.
And that must really must put the sky-is-falling crew in a bit of a bind.
They’re probably not going to stop fighting against higher wages just because they've been wrong for more than a hundred years. (It’s basically their job, after all.)
But they must know they're running out of options here. Which raises a question:
At this point, the doomsday arguments have been consistently wrong for more than 100 years of rising labor standards. So it’ll be…interesting…to see what they come up with next.