New York Times: Raising Floor for Minimum Wage Pushes Economy Into the Unknown
By Noam Scheiber
New York Times, July 26, 2015
WASHINGTON — The fight for a $15 minimum wage has gained momentum in New York, California and other places around the country in recent months. But as a national strategy to raise incomes at the bottom of the pay scale, it faces major obstacles, both political and economic.
In many states, particularly those governed by Republicans in the South and the Midwest, there is little chance of raising the minimum wage above the federal level, which has stood at $7.25 since 2009. Congressional Democrats have introduced...