Quote:
Originally Posted by mineistaken
First, they raised it WAAAAYYYYYYY more than inflation, secondly how do you know if businesses did not flee to surrounding counties or basiocally rest of the country where that wage was not increased?
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No it's not.. It's literally right in the middle of both high and low estimates. The low would be $12/hr the high being $21. the difference comes down to how it's calculated. They set the min to be right in the middle of the high/low and also used cost of living in that city to determine it.
The fact that the economy in that city is doing just fine shows they picked a reasonable rate.