LA labor leaders push hard for $15 mim wage, but hold on a second... (user search)
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  LA labor leaders push hard for $15 mim wage, but hold on a second... (search mode)
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Author Topic: LA labor leaders push hard for $15 mim wage, but hold on a second...  (Read 1669 times)
Small Business Owner of Any Repute
Mr. Moderate
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« on: May 27, 2015, 06:24:11 PM »

I don't have a huge problem with a $10.10 minimum wage, because the market price for unskilled labor is such that this price floor wouldn't result in too much job loss.  On the other hand, evidence like this shows a $15 minimum wage can be a real problem for the marginally employed.  An effective or binding price floor on labor will result in an increase in unemployment, and $15 is just going too far.

Prices and wages tend to be higher in cities, as often are the requirements to live there. I have no problem with big expensive cities like LA experimenting with higher minimum wages than most other places.
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