05/03/2024

Opinion: Sacramento Should Proceed Cautiously with Minimum Wage Increases

But even proponents such as Jacobs acknowledge that cities are raising the minimum wage to levels that have not yet been fully vetted. “There is no simple existing economic model consistent with the empirical minimum wage research literature that can be used to estimate the impact of a minimum wage law, taking into account all the direct and indirect effects as they course through a regional economy,” wrote Jacobs and several colleagues advising Los Angeles council members.

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