Seattle Worker Loves $15 Minimum Wage — Until He Loses His Job

Update: Scott Dredge reports that this is a two-year, out of date story, that (for some reason) The Daily Wire is running again.

Disregard.

A May Day Tale: Seattle Worker Loves $15 Minimum Wage — Until He Loses His Job

Devin Jeran, an employee at Z Pizza in Seattle, was stoked to get a raise, from $11 to $15 an hour as part of a new law that takes effect today. was happy to get a raise, when Seattle’s minimum wage went up to $11 an hour at the beginning of the month.

More: 

“I definitely recognize that having more money is important,” he told local TV station Q13-Fox, “especially in a city as expensive as this one.”

But that didn’t last long. “Unfortunately, he’ll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza and putting him and his 11 co-workers out of work,” the station reported.

Today, across the country, workers are striking. Some 21,000 AT&T Wireless workers were expected to walk off the job, WZVN reports. And the protests occurred around the world as workers demanded better pay and better working conditions, ABC reported.

But when you raise the floor price above the free-market price, you get unemployment of the least skilled. Per Wikipedia: 

An example of a price floor is minimum wage laws; in this case, employees are the suppliers of labor and the company is the consumer. When the minimum wage is set above the equilibrium market price for unskilled labor, unemployment is created (more people are looking for jobs than there are jobs available). A minimum wage above the equilibrium wage would induce employers to hire fewer workers as well as allow more people to enter the labor market; the result is a surplus in the amount of labor available. However, workers would have higher wages. The equilibrium wage for workers would be dependent upon their skill sets along with market conditions.^[2]