By Mary King
This article was originally published by The Oregonian on 12/12/2015.
Contrary to claims in a recent Oregonian/OregonLive guest column, the economic case for a shift to a $15 minimum wage over the next few years is based on very solid mathematical analyses by the best labor economists in the field. Their work predicts higher economic growth and therefore more tax revenue; lower business costs for turnover, recruitment and training; greater labor productivity and job satisfaction; lower poverty rates, particularly among single parents and young families; lower public expenditures for food stamps and other benefits; and a counter-force against spiraling income inequality in our state and nation.
The strength of the economic case for a substantially higher minimum wage surprises people who: Continue Reading…