KQED: UC Berkeley Study Predicts Positive Economic Benefit From California’s Minimum Wage Increases
By Sam Harnett
KQED, January 13, 2017
Are minimum wage increases good for the economy on the whole or bad? ...
A new study by UC Berkeley’s Institute for Research on Labor and Employment crunches the numbers for a bunch of these factors to try to predict the impacts of California’s rising minimum wage, which will gradually increase to $15 per hour over the next six years. The study’s authors came to two major conclusions: The state’s higher wages will lead to large increases in pay for workers, and they will not result in major job losses...