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L.A. wage hikes spark fierce debate
L.A. wage hikes spark fierce debate

Los Angeles has thrust itself into the center of one of the most contentious debates in modern economics — what happens when you raise the minimum wage? — as city leaders consider mandating $13.25 an hour. Since their inception in the Great Depression, minimum wage laws have prompted a fierce debate about unintended consequences: Do wage hikes force businesses to lay off workers? Do they effectively address poverty? Will consumer prices rise? Will business flee to lower-wage cities? In Los Angeles, the stakes are especially high. Because of its large population of low-wage earners, the proposed wage increase would affect far more people — 567,000 — than in any...