$15 MINIMUM WAGE WOULD HAVE ‘LITTLE EFFECT ON JOBS’

“ . . . Michael Reich, an economics professor at the University of California, Berkeley, said an increase to $15 would have little effect on jobs. He acknowledged that it could lead to more automation and higher prices and less sales volume at some businesses, but, he said, those effects ‘would be more than offset by increases in consumer purchasing power. That all results in a very small effect on the economy.’”

Steven Greenhouse, “How the $15 Minimum Wage Went from Laughable to Viable,” The New York Times, April 1, 2016. Steven Greenhouse, a visiting researcher at the Russell Sage Foundation, is a former labor and workplace reporter for The New York Times and the author of The Big Squeeze: Tough Times for the American Worker.