Michigan State University

Four consequences of a $15 minimum wage

Four consequences of a $15 minimum wage

Exhaustive research over the past few decades suggests raising the minimum wage has little negative impact on overall employment.

Problem is, most past wage hikes have been relatively modest, and there's no data to confidently predict what might happen following the kinds of increases now planned in California and New York.

Going to $15 an hour represents a 50% rise from California's current minimum pay of $10, and a 67% jump for New York.

Although these would be phased in over several years and would not apply statewide in the case of New York, the sheer size of the increases has made even proponents of higher minimum wages a little...