California Doubles Down On $30 Minimum Wage While Seattle Bleeds 1,800 Jobs
About this episode
The episode discusses the implications of a proposed $30 minimum wage in Alameda County, drawing parallels to Seattle's experience with similar policies and their economic consequences.
Activists in Alameda County are collecting signatures to put a $30 minimum wage on the November ballot — promising prosperity, new jobs, and relief from Bay Area's crushing cost of living. They have friendly studies. They have One Fair Wage backing them. What they don't have is a single example of this actually working. Seattle tried it. Researchers documented the destruction: 1,800 jobs gone, hundreds of millions in economic disruption, and a downtown now famous for empty storefronts and shuttered restaurants. Mayor-elect Katie Wilson wants to double down on the same formula that gutted the city. Alameda County activists watched all of it and decided the answer is to go even higher. Sean runs through the wage study math the activists are leaning on, the MIT living-wage calculator they cite, and the real arithmetic no one wants to run — what happens to tax revenue when 20% of small businesses fold, what happens to workers when employers automate or cut hours, and what it means when the people promising you a raise are the same ones who've never run a payroll. Subscribe to @reasonablenews and hit the notification bell for daily breakdowns of the stories the mainstream press won't…
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