Seattle Subway can’t sell $5 footlongs because of big government.
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Customers who enjoy sweetened drinks aren’t the only people in Seattle currently feeling the pinch of the city’s progressive policies.
Here’s a photo of a sign that’s hanging in a Seattle Subway that lays out the problems faced by both consumers and business owners in the city:
https://pbs.twimg.com/media/DTIo3uZVQAAA1w9.jpg:large
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As this Subway business owner helpfully makes clear to his customers, there are a lot of extra costs for anyone operating a business in Seattle. And these costs are hurting restaurants, small businesses, and ultimately the public at large. Everyone has to pay for Seattle’s progressive policies—and all the costs outlined above—through dramatically higher prices.
Just as is often the case, the good intentions of bureaucrats and progressive politics notwithstanding, these policies have created absolutely horrible practical outcomes. Seattle’s $15 an hour minimum wage has hurt the low-income workers that it was supposed to help. Not just hurt—but devastated.
“The costs to low-wage workers in Seattle outweighed the benefits by a ratio of three to one,” according to a study conducted by a group of economists at the University of Washington commissioned by the city, reports The Washington Post. “On the whole, the study estimates, the average low-wage worker in the city lost $125 a month because of the hike in the minimum.”
A cost-benefit ratio of 3:1 and a loss of $125 a month are quite massive, as anyone living paycheck to paycheck knows. And this is a problem for low-wage workers in other cities, too, with food, service, and retail employees usually the most affected.
The $15 minimum wage hike in California, for instance, will cost the state 400,000 jobs by the time it is fully implemented, as a study by economists from Miami University and Trinity University found.
http://rare.us/rare-politics/issues/...ustomers-know/