Editor’s note: An economic working paper on the effects of a substantial minimum wage hike, such as the recent one in Seattle, commissioned by the city itself, is causing quite a stir in economic circles, both pro and con. The study finds that the minimum wage boost, now up to $13 an hour for large employers in Seattle, has cost jobs for the city’s lowest-wage workers. Though I’ve been warned against reading too much into an academic working paper that hasn’t even been peer reviewed yet...
Read more: http://www.pbs.org/newshour/making-sense/column-new-study-says-minimum-wage-hike-seattle-bad-low-wage-workers/?source=Snapzu
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