The minimum wage in the United States is $7.25. In comparison, Oregon, Washington and California all have wages that eclipse $15: Oregon at $15.40, Washington at $16.28 and California at roughly $16. Starting on April 1, California will implement a new bill raising the minimum wage for fast food workers from $16 to $20. Following...
I hope economists follow this up. The Chicago school theory states that this should help only minimally and at worst increases unemployment which leads to all kinds of bad things.