The Fight for Fifteen madness continues.Long gone are the days where we could mock the logic of the minimum wage “if $10 an hour is so great, why not $15 or $20 an hour?” Apparently the left interpreted mockery as a suggestion.
While only two states thus far (New York and California) have voted to raise their minimum wages to $15 an hour in the future, more than a dozen cities and local municipalities have adopted that wage floor. The latest place to pass a $15 minimum wage lies at the center of our political madness: Washington D.C.
The Washington Examiner reports:
The D.C. Council voted unanimously Tuesday to adopt a $15-an-hour minimum wage in the nation’s capital, up from its current rate of $10.50. The move puts the rate at nearly double the federal minimum of $7.25.The new $15 rate will be fully phased in by 2020 and will be raised automatically every year after that based on inflation. The council also increased the minimum wage for tipped employees to $7.50 an hour by 2022 and to half of the city’s minimum wage after that.
As recently as 2013, D.C. had a minimum wage of $8.25 an hour. Then-Mayor Vincent Gray vetoed an attempt to raise the minimum to $12.50 for big box retail stores, an effort directed at Walmart, which was opening its first stores in the city. The council then moved that December to raise the rate to $10.50 across the board.
The Employment Policies Institute, a business-backed nonprofit group, said a survey it conducted of D.C. businesses found that almost half had already done that to adapt to the city’s previous minimum wage increases since 2013. It said one in five businesses was now considering moving to nearby Arlington, Va., where the minimum wage remains at the federal level of $7.25.Well, there’s at least one beneficiary of a higher minimum wage. And they’re not the only ones. Florida’s Republican governor Rick Scott has welcomed California’s $15 minimum wage – and is trying to entice them to all relocate in his state. We’re already seeing people migrate from blue to red states at a rate of 1,000 a day, on net balance.
Liberals who seriously argue higher minimum wages create jobs are half right I suppose. This hike will create jobs – for red states.[Note: This post was authored by The Analytical Economist]