Yesterday we had the release of the follow up report into the effects of the city's rise to a $15 minimum wage. That report showed that this was not a good idea, that the wage rise made the low paid worse off, not better. But it does mean that the Seattle minimum wage increase, like every minimum wage increase in American history, has lifted the wages of low-wage workers and been perfectly fine for the economy. So, a paper comes out stating that the minimum wage rise has been a bad idea yet here's the claim that everything's just dandy. But it also depends upon the size of the unemployment effect for different levels of minimum wage.
Source: Forbes June 27, 2017 13:30 UTC