University of Washington Seattle Minimum Wage Study: 6,700 Jobs Lost

By
Real Estate Broker/Owner with Aloha Kai Real Estate License #24795

University of Washington Seattle Minimum Wage Study: 6,700 Jobs Lost and Annual Wages Down $1,500

Results from my alma mater the University of Washington Seattle minimum wage study are out. For some it's not what some expected or anticipated. I noticed the new kiosks at the McDonald's in the Seattle-Tacoma International Airport awhile ago so the results were not shocking to me:

McDonalds Seattle-Tacoma International Airport


Minimum wages in Seattle increased from $11 in 2015 to $13 in 2016 and $15 in 2017 for large employers.

 

The UW study found that higher minimum wages caused a 9.4% reduction to total hours worked by low-skilled workers.  Given that a full-time employee works 2,080 hours per year, that's equivalent to over 6,700 full-time equivalents who have lost their jobs.

The UW study also found that the average low-wage employee was paid $1,897 per month. The reduction in work hours would cost the average employee $179 per month while the wage increase would recoup only $54 of this loss leaving a net loss of $125 per month (6.6%). For the year this totals a $1,500 loss which is significant to a low-wage worker.

As rents and housing prices continue to escalate in King County, Snohomish County, Pierce County, we will see how low-wage workers deal with this burden which is a heavy one.

If you are a first-time home buyer and would like a list of homes for sale in your price range, contact Lana and she will send a list of homes for sale to you via email.

Contact her at 206-445-8034.




Posted by

Lana and EdAloha Kai Real EstateWe are commited to Fair Housing Laws

 

 

Lana Robbins, Managing Broker, Realtor ®

Phone (206) 445-8034
Email: Lana (at) AlohaKaiRealEstate.com

Ed Hinman, Vice President

Phone (206) 445-8034

 

We are committed to Fair Housing Laws and are an Equal Opportunity Employer.

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Rainmaker
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Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

I saw another, earlier, study which came to the opposite conclusion.  This one makes more sense to me and is what I would expect to occur.  It will be interesting to see the longer term results, rather than these initial short terms studies.

Jul 01, 2017 11:29 PM #1
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Rainer
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Lana Robbins Licensed Managing Broker/Owner

Licensed in Washington, Florida, and Hawai'i
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