A Seattle airport parking lot has added on an 8.25 percent "living wage surcharge" to customers' bills, reports Mark J. Perry at AEI:
...The company that issued the [parking] receipt ... is MasterPark at the Seattle's SeaTac Airport. According to its website, the company now charges a $0.99 per day "living wage surchage." For a 7-day period that would add $6.93 and 8.25% to the base fee of $84. For a 30-day parking fee of $199, the $29.70 "living wage surcharge" would add a tax of almost 15% to the base rate.
A $15 per hour minimum wage might sound good in theory, but ends up having many unintended, secondary, negative consequences in the form of less employment, reduced hours, reduced job and business creation, higher prices for consumers, etc. In the end, and maybe very soon, it will be evident that SeaTac's $15 per hour minimum wage, like all government mandated price controls, are really an "economic death wish."
Sunday, June 08, 2014
Advice Goddess Blog