Reframing the Minimum-Wage Debate

Some prominent economists contend that a minimum wage high enough to provide a decent standard of living poses too high a risk of job loss. But this fear is purely speculative; we have no reliable evidence that a $15 wage floor, phased in over four to six years, would cause declining employment opportunities for low-wage workers. Indeed, the wage threshold at which substantial employment effects are likely to occur may be considerably higher.
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