A minimum wage hike is the wrong fix (op-ed)
A minimum wage hike is the wrong fix (op-ed)
- March 18, 2016
- Economics professor David Neumark explains in LA Times op-ed
Here in California we have a patchwork of minimum wages. The state's $10-per-hour
rate is already much higher than the national $7.25 rate, but a number of cities have
pushed up the baseline even more — such as San Francisco and Los Angeles, where the
minimum wage is set to rise to $15 in the next few years. In November, California
voters will have a chance to even things out by voting on the Fair Wage Act, which
would establish a statewide minimum of $15 by 2021.
Although there's something enticing, on the surface, about having the state catch
up to its most politically progressive cities, the Fair Wage Act is likely to have
negative consequences for many working-class Californians.
Read on: http://www.latimes.com/opinion/op-ed/la-oe-0318-neumark-fair-wage-act-problems-20160318-story.html
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