An interesting question from the latest University of Chicago IGM Forum economist survey: “If the federal minimum wage is raised gradually to $15-per-hour by 2020, the employment rate for low-wage US workers will be substantially lower than it would be under the status quo.”
Their responses, weighted by confidence level: 34% agree (9% strongly), 37% uncertain, 29% disagree.
A bit more evidence, then, suggesting that the “Fight for 15” isn’t the least risk free way to help boost worker wages versus the Earned Income Tax Credit or other wage subsidy.
from AEI » Latest Content http://ift.tt/1OPnKRs
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