The article feels like the author is trying to take a "I told you so!" approach to the topic. It seems like he's zeroing in on an a narrow slice of the market, and only over a very short time window. For an honest assessment for the real effects on the local economy and standard of living you need to take a longer view, and look across several industries. IMHO.
Yeah, completely agree, It's too early to call because the local markets are adjusting for this change. Beyond the apparent negatives right now, I think it would be interesting to see how it affects cost of living and if the wage hike gets nullified by it in the long run.
The article feels like the author is trying to take a "I told you so!" approach to the topic. It seems like he's zeroing in on an a narrow slice of the market, and only over a very short time window. For an honest assessment for the real effects on the local economy and standard of living you need to take a longer view, and look across several industries. IMHO.
Yeah, completely agree, It's too early to call because the local markets are adjusting for this change. Beyond the apparent negatives right now, I think it would be interesting to see how it affects cost of living and if the wage hike gets nullified by it in the long run.