Sunday, October 4, 2015

Alan Blinder, Economic Advisor To Democrats, Warns Against $15 Minimum Wage

A Fairness Agenda for Winning Over Angry Voters. Excerpt:
"Raising the federal minimum wage would be an enormous help for wage earners at the bottom. (Many states and cities have done so already.) I’d favor going in stages to something like $10-$12 an hour, not to the $15 that is gaining traction on the left. Moving too high too quickly raises the specter of job losses."

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