At the end of last year, we wrote a blog post about California raising its minimum wage from $8 an hour to $10 an hour, and discussed the pros and cons of raising minimum wage.
This month, Seattle passed a bill that increases the city’s minimum wage to $15 an hour, the highest in the country at almost double the national minimum wage.
The interesting difference between Seattle raising its minimum wage, as opposed to when California raised its minimum wage is that this law is only relevant to those working directly within the city limits. This means that there will be almost a five-dollar difference in pay between neighboring cities.
The impact of this situation is unknown, but people are paying attention. Some of the results economists are watching for include:
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