Big news is coming out of the state of Washington today as one of the largest cities in the state is planning to make a drastic change to the minimum wage in the metro area. One June 6, 2014, the Seattle City Council is going to vote on this historic change in worker compensation to make the minimum wage $15 per hour.
USAToday reports that this change would make Seattle the city with the highest minimum wage in the United States. Washington state already has the highest minimum wage in the nation, coming in at $9.32 per hour. This change to the local minimum wage would be gradually implemented over the next three to seven years.
City officials in charge of planning this wage change has estimated that around a quarter or workers in Seattle fall under the $15.00 per hour wage mark. This change would directly affect them, and hopefully help to boost the economy of the city. As is the case with any change to the minimum wage, there are arguments for and against this change.
Supporters of this change to the minimum wage say that the increase in salary for all employees will help to stimulate the economy and put more money back in to local business. They think that this change will help to raise the standard of living for the Entire Seattle area. Since Washington is already the location with the highest minimum wage for a state, having the highest wage for a city is just a logical next step.
Opponents of the law believe that this change will be very negative for local consumers, and the workers who will be seeing higher wages. Higher wages will lead to higher purchasing power, which will lead to higher prices on even the most basic goods and services. In essence, nothing will benefit the workers who live and work in the city. A study of a recent wage increase in SeaTac, another Washington city, shows how such a wage increase has been overwhelmingly negative for workers. Time will tell if the proposed change in Seattle ends up being good or bad for workers, consumers, and the local economy.