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Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

Seattle also has an out of control real estate market driving up rents for businesses thanks to the tech sector. That gets passed onto customers.

The companies may claim that the minimum wage hike is why they're changing certain policies, but they may just be talking politics. In reality their revenues are likely more affected by much larger movers, such as the real estate market and its accompanying property taxes.
 
Glen Contrarian said:
Um, no, you're not doing "better than that".

Why do you think that (according to Fortune magazine) Seattle's the hottest real estate market in the nation? Here's a clue - which any Realtor will tell you: the more prosperous the area, and the more that people want to live there, the higher the prices will rise. That's the free market at work. If Seattle were as terrible as you seem to think, then Seattle certainly wouldn't be the hottest real estate market in the nation...and - according to Forbes' - will continue to maintain growth for the foreseeable future.

No offense, but I'll take their opinion over yours any day...the obvious caveat being unless natural (or Trump-made) disaster strikes.
Click to expand...

Growth can be a bad thing, especially if the managers suck at their jobs and transportation is already broken.....that Seattle imposed a tax on the wealthy that was clearly illegal and almost everyone understood that it was illegal but they did it anyways "Because we have to do something that shows that we care that our city is becoming unaffordable to live in (average rent is now 43% of average income and escalating fast)" is obscenely bad management.



A study by personal finance site GoBankingRates focuses on the 10 U.S. cities where costs are expected to rise the most in 2018. Topping the list is Portland, Ore.

In Portland, the price of the median home is expected to rise 2.81 percent, while the average rent could surge 5.34 percent. Second on the list is Seattle, where home values should climb 4.86 percent and rents could rise 5.73 percent, the most of any of the 10 cities.

Three key factors
To pick the cities where costs will rose the most, the study looked at three key factors: the year-over-year median home value forecast, the year-over-year median rent forecast, and the Bureau of Labor Statistics' Consumer Price Index change between 2014 and 2017.

Here's the complete top 10 list:

1) Portland

2) Seattle
Click to expand...
https://www.consumeraffairs.com/new...living-will-rise-the-most-in-2018-121917.html
 
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Hawkeye10 said:
Growth can be a bad thing, especially if the managers suck at their jobs and transportation is already broken.....that Seattle imposed a tax on the wealthy that was clearly illegal and almost everyone understood that it was illegal but they did it anyways "Because we have to do something that shows that we care that our city is becoming unaffordable to live in (average rent is now 43% of average income and escalating fast)" is obscenely bad management.




https://www.consumeraffairs.com/new...living-will-rise-the-most-in-2018-121917.html
Click to expand...

And what I see in your reply is, "Seattle's gonna fail! It's all gonna fail! They're liberal and they can't manage their city so they're gonna fail!!!!!!!!!!"

And while you're continuing with your "all-liberals-must-fail" paradigm, Seattle's doing just fine, thank you very much.
 
I love the discussions of how badly managed a fast growing city has been/will be/is...

Having been around a bit it seems most cities seem to be badly managed. Well at least according to someone... ;)

I do love the longing for cheap stuff, a 5 dollar sub... like back when I got a coke for a nickel, penny candy was a really a penny (some 2 for a penny) and the clerk just took your word for it the amount you had in the paper sack...

Oh and gas was 35 cents a gallon and the guy pumped it for you and a fill-up got a 6 pack of Flintstone glasses!!!

There are always 'natives' who bemoan an area becoming popular and thus driving up prices. I remember 'natives' of Aspen sighing over the cost of living there once it became popular. Some are always priced out, have to move to a less pricey place. Progress isn't always progress for everyone (so much for a rising economy floats all boats)

Fact is little ol OKC had to pay double above minimum wage to get clerks at their 7-11s back in the good ol days most wish would return...

bad managed OKC.... :roll:
 
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