Seattle's $15 minimum wage experiment might already be crashing and burning

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(Image credit: Seattle Mayor Ed Murray signs a 2014 bill increasing the city's minimum wage to $15 an hour.)

A 2014 law designed to incrementally raise the minimum wage of Seattle's low-income workers up to $15 an hour has apparently backfired, a study conducted by University of Washington economists concluded. The findings show that low-wage employees actually lost an average of $125 a month under the new model, or about $1,500 a year, due to employers' reduced payrolls and hours.

Most alarmingly, "the paper's conclusions contradict years of research on the minimum wage," The Washington Post reports. "Many past studies, by contrast, have found that the benefits of increases for low-wage workers exceed the costs in terms of reduced employment — often by a factor of four or five to one."

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.