New York’s Crazy Plan to Experiment With a $15 Minimum Wage for Fast Food Workers – Hit & Run : Reason.com

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Somehow, over the last few years, the conventional wisdom about raising the minimum wage has moved from “it would probably reduce employment” to “it’s a great idea that (probably) wouldn’t cost any jobs at all.” Or, as White House economic adviser Jason Furman said last year, “zero is a perfectly reasonable estimate of the impact of minimum wage on employment.”Furman, of course, was careful enough to say

Source: New York’s Crazy Plan to Experiment With a $15 Minimum Wage for Fast Food Workers – Hit & Run : Reason.com

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