Quote:
Originally Posted by rubecube
Did you even read this or did you just look at the headline?
If you're looking at this from a policy perspective, that's absolutely a net win for $15/h minimum wage.
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I read the whole thing. I don't know that the part you quoted as benefit is an obvious net win over 1.4 million people being put out of work.
There is a balancing act here to figure out what the best policy for raising the minimum wage that results in the fewest possible job losses. I just don't think that $15 across the board in that magic number. It's just a number that sounds good in a slogan.
I had heard a proposal to make it a percentage of median income by county, and that sounds like a lot better starting point to me.
I could keep my same job/same employer and move to NY and get an auto adjusted $60k raise and I know I'd be worse off financially than staying where I am. It's just not good policy to ignore the vast differences in how far a dollar goes in various parts of the country.