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A $15 wage won't cost New York jobs

from The New York Daily News

Governor Cuomo is pressing legislators to enact a statewide phased-in $15 minimum wage. Meanwhile, a California campaign seeks to place $15 on its state’s November ballot. Can states absorb a $15 minimum? A new comprehensive economic study says yes, they can. Opponents argue that such a large increase will push employers to cut or automate jobs and raise prices, ultimately driving companies out of business. Proponents claim that it will stimulate the economy and grow jobs by putting more purchasing power in workers’ pockets. Who is right? more


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