From the fear-mongering headlines marking passage of $15 statutes in New York and California, you would think nobody ever dared raise the minimum wage before. "Raising minimum wage risky," the Lexington (Kentucky) Herald-Leader tersely warned. "Raising minimum wage hurts low-skill workers," the Detroit News bluntly declared. "Even left-leaning economists say it's a gamble," Vox solemnly cautioned. Nonsense. We have been raising the minimum wage for 78 years, and as a new study clearly reveals, 78 years of minimum-wage hikes have produced zero evidence of the "job-killing" consequences these headline writers want us to fear.
A subscription may be required to read the complete article.