Liberal political blogger and columnist Kevin Drum, whose musings are published in the leftist Mother Jones magazine, says he is “thrilled” that cities like Seattle, San Francisco (and soon Los Angeles) are mandating a $15 minimum wage. Not because such a wage will lift working families out of poverty, but because he says it will “give us a great set of natural experiments to figure out what happens when you raise the minimum wage a lot.”
Yesterday I blogged how actor James Franco is praising McDonalds for its readily-available and low-skill jobs. Franco recounts how, as a struggling actor, he was desperate to earn money. He had few skills (he had been fired from his previous jobs) and just needed a way to make some cash: “…just like their [McDonalds] food, the job was more available there than anywhere else. When I was hungry for work, they fed the need."
Activists across the state marched, rallied and protested yesterday in demand of a $15 minimum wage for all workers. The demonstrations were part of an effort coordinated by Working Washington in the “Fight for $15” campaign.
While advocates of increasing the minimum wage claim it is a win-win for employers (because people will have more money to spend) and employees (who will earn a higher wage), the reality is much different.
Increasing the minimum wage comes with undeniable trade-offs.