However, the Seattle experience has shown that the effect of the wage hikes at lower levels propagates upwards very quickly, resetting all wages at a higher level, increasing sales for all businesses, and creating a booming economy.
As a business owner who pays the highest rate in our niche, and as a former Starbucks store manager…
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If I may play devil’s advocate somewhat…

I take your point in general about higher salaries resulting in increased disposable income, which in turn results in increased activity in the local economy.

But, there must surely come a point at which increasing salaries becomes detrimental. For example, I think most people would agree that increasing the minimum wage to $100 per hour is unlikely to be a good idea. I realise that is an extreme example, I just detect a lack of acknowledgement here that raising salaries can have negative consequences.

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