Economics: “Fight for $15” is the rallying cry for most Democrats these days. But soon after Washington, D.C., voters approved a hike in tipped wages to $15, Democrats on the city council moved to repeal it. That’s what happens when ideology crashes into reality.
On Tuesday, 7 of the 13 members of Washington’s city council sponsored a bill to jettison the wage hike for tipped workers that 56% of D.C. voters had approved by a ballot initiative less than a month before.
Under Initiative 77, the workers would see their minimum wage climb from the current $3.89 an hour to $15 an hour by 2026, erasing the difference between tipped and nontipped workers.
This is an excerpt. Read more at Investor’s Business Daily.