Sunday, February 21, 2016

Seattle votes in $15 minimum wage and then gets the fruit of their decision, less jobs more unemployment

Link:

Seattle’s city council made history in June 2014 by unanimously passing legislation that will eventually bring the city’s minimum wage up to $15 an hour, the highest in the nation.

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Seattle mayor Ed Murray applauded the city council in 2014 and remarked then that, “Some have called what we have done a radical experiment. I disagree. The real radical experiment has been the economic policy of the last 34 years that has dismantled our middle class. Today we have taken bold action to begin to reverse that radical trend. Today we have taken action that will serve as a model for the rest of the nation to follow.”

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Early evidence from the Bureau of Labor Statistics (BLS) on Seattle’s monthly employment, the number of unemployed workers, and the city’s unemployment rate through December 2015 suggest that since last April when the first minimum wage hike took effect: a) the city’s employment has fallen by more than 11,000, b) the number of unemployed workers has risen by nearly 5,000, and c) the city’s jobless rate has increased by more than 1 percentage point (all based on BLS’s “not seasonally adjusted basis”). Those figures are based on employment data for the city of Seattle only (not the Seattle MSA or MD), and are available from the BLS website here (data are “not seasonally adjusted”).

More MPAI (Most People Are Idiots) in effect. Lets listen to Kshama Sawant, a no nothing marxist academic who has never run a business or worked a real job and enact a $15 minimum wage. The results of course were predictable; less jobs more unemployment. What a surprise. The people of Seattle deserve what they are getting, good and hard. What is even worse is that according to Wikipedia Swant is; a member of the revolutionary Socialist Alternative party, the United States section of the British-based Trotskyist international organization the Committee for a Workers' International (CWI).

She is the heir to millions of political based deaths by her political great grandfather Trotsky and his pals Lenin and Stalin. People like her should be asked about their political beliefs and why they are following a failed ideology that violently imposed itself on dozens of countries around the world and failed everywhere while killing over a hundred million people in the last century. But it could never happen here right?

Kshama Sawant is a nutter who if she ever got her hands on real power would literally destroy many lives like all marxists have done throughout history.

Kshama Sawant self proclaimed socialist and economic ignoramus 

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