Michael Reich
UNIVERSITY OF CALIFORNIA, BERKELEY. Professor of Economics. Research focuses on minimum wages and living wages, labor market segmentation, and low wage labor markets.

Do Minimum Wages Really Kill Jobs?

April 27, 2017

The Issue:

Democrats in the House and Senate have announced a bill to raise the federal minimum wage gradually from its current $7.25 to $15 by 2024. If inflation averages 2 percent between now and 2024, a $15 minimum wage in 2024 would be worth $12.50 in today’s dollars. This increase would place the federal ...
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