Attention Economy


Saturday, May 7, 2016

Minimum Wage Hike - The Case of Portland

An excellent case study on the impact of an increase in the legal minimum wage:
https://www.yahoo.com/news/portland-gave-minimum-wage-workers-raise-heres-happened-120004830.html
"“So far, Portland’s $10.10 wage hasn’t killed jobs, though some restaurants have cut hours. Many workers already earned above the minimum; tipped servers and bar staff make much more during the summer. Portland’s economy is booming and unemployment is below 3 percent. Even Greg Dugal, a prominent lobbyist for restaurant and hotel owners, admits that “the sky has not fallen.” Hinck calls it a “stunning silence” after the heated arguments over its adoption.”"