Quote:
Originally Posted by crockett
But you are missing the part that the places out side of Seattle will have to compete for workers vs Seattle. Why would anyone go to work at McDonald's in the town next to Seattle for $8/hr when they can just go to Seattle and get $15/hr?
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there is a finite number of jobs in Seattle, so obviously not everyone that wants a job there can get it? getting an entry level job at $15/hr is like winning a job lottery for some... so entry level workers will try to move to Seattle to get a job... BUT they won't be able to find one...
to make things even worse, if you remember first lecture of econ 101, when price of something goes up, the demand (by employers for labor) goes down... so number of available jobs will actually shrink...
this will probably turn into a complete disaster... hopefully will end these ridiculous socialist experiments once and for all...