Economists weigh the pros and cons of a $15 minimum wage

Published March 31, 2016 This content is archived.

An article on ABC News about the benefits and drawbacks of a $15 minimum wage quotes Jerry Newman, SUNY Distinguished Teaching Professor Emeritus of Organization and Human Resources, who said an increase in the minimum wage could have far-reaching effects on industries that don’t pay it. “Wage hierarchies have been rigid for a long period of time, but this could change all of that,” he said. “If I am making $15 right now at a bank, and someone is making $12 at a fast-food restaurant, and that gets raised to $15, it creates pressure to raise the wages of that bank teller.” The article also appeared on news outlets around the country, including WABC-TV in New York City, WTVD-TV in North Carolina and KMBZ-FM in Kansas City.

http://abcnews.go.com/Business/economists-weigh-pros-cons-15-minimum-wage/story?id=38029809

http://abc7ny.com/news/economists-weigh-the-pros-and-cons-of-a-$15-minimum-wage/1269687/

http://abc11.com/news/economists-weigh-the-pros-and-cons-of-a-$15-minimum-wage/1269687/

http://www.kmbz.com/Economists-Weigh-the-Pros-and-Cons-of-a-15-Minimum/22618558