Supporters of a $15-per-hour minimum wage rally outside the state Capitol in Sacramento on March 31, 2016. ( Katie Orr/KQED ) Are minimum wage increases good for the economy on the whole or bad?
Getting an accurate, nuanced answer to that question is no easy task. There are all sorts of factors. Higher wages could incentivize businesses to automate jobs and lay off workers. They could also prompt companies to raise prices, which could turn off customers.
On the other side of the equation, higher wages mean more money in the pockets of low-income workers, who could then spend more. A […]
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