Reduced employment by 3% but otherwise fine, yeah.
https://www.nber.org/papers/w34033
A nationwide $30 minimum wage would have a significantly higher impact (most places have lower wages than California and $30 is more than $20).
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It's fine to argue it's a good tradeoff; I just want advocates to admit there is a tradeoff.
Reduced employment by 3% but otherwise fine, yeah.
https://www.nber.org/papers/w34033
A nationwide $30 minimum wage would have a significantly higher impact (most places have lower wages than California and $30 is more than $20).