From MarketWatch:
“It’s misreading a large body of evidence,” said David Neumark, director of the Center for Economics and Public Policy at the University of California,, Irvine …. “It’s actually way more likely that there will be disemployment effects.” …“It’s a strange redistribution scheme,” Neumark said. He says higher labor costs inevitably lead to higher prices for consumers.

For the full story, please visit http://www.marketwatch.com/story/las-garcetti-says-15-minimum-wage-will-lift-600000-out-of-poverty-2015-07-15.

 

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