Opinion: A $15 minimum wage would hurt those it’s meant to help
4 years, 1 month ago

Opinion: A $15 minimum wage would hurt those it’s meant to help

CNN  

Editor’s Note: Nathan Mayo is membership director for the True Charity Initiative. This claim sounds reasonable, but it is founded on two unspoken assumptions — that the poor currently work and that they will continue to work once higher minimum wages take effect. Second, many who are currently poor and working will be forced out of work by a higher minimum wage. The multiyear phase-in of the proposed minimum wage hike gives large employers time to automate away many jobs. The Congressional Budget Office projects 1.4 million jobs will be lost from a $15 national minimum wage.

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