Liberals are trying to process the fact that increasing the minimum wage to $15 an hour has reduced both earnings and the number of jobs.
Jill Filipovic, a New York attorney, journalist and a liberal/progressive feminist author, tweeted:
Seattle’s minimum wage hike (which I thought was a great idea) may actually have cost low-wage workers.
Tweeters did not hesitate to sneer:
- If only someone out there who understood economics had predicted this result… oh wait.
- If only there was a 250 year old empirical social science that could have predicted this astonishing result.
- This was all covered in the entry level economics course.
- We told you and told you and told you.
- Everyone but liberals like you predicted this.
As could be expected, Jill hasn’t learned a damn thing. Her follow up tweets:
The takeaway here should not be, “don’t raise the minimum wage.” It should be continued study of wage policies that optimize worker gains.
And should also be a look at broader policy packages, of which an increased min wage is just one part, to decrease poverty & inequality.