A $15 Minimum Wage Isn’t So Scary

Because of flaws in the labor market, a higher pay floor might not cause job losses

Bloomberg Opinion
Jul 11 · 4 min read
Photo: Erik Mcgregor/Pacific Press/LightRocket via Getty Images

By Noah Smith

A new Congressional Budget Office analysis of a nationwide minimum wage increase has stirred up lots of debate, since it predicts that an increase would have both good and bad effects.

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