Economist Explains How Seattle Can Avoid Common Growing Pains
Ross Reynolds talks with University of California Berkeley economics professor Enrico Moretti, author of “The New Geography of Jobs,” about how the Seattle area can avoid the growing pains of a booming economy like unaffordable housing and traffic gridlock.
Moretti says improved mass transit it a key because it helps low income people get to jobs. Moretti also says Seattle’s $15 minimum wage will help mitigate the higher prices that come with growth, but he’s confident that growth will eventually lead to higher wages for everyone too.