Monday, March 15, 2021

Look who's saying raising the minimum wage would be good

This may be a sign that it's pretty much inevitable, if people keep plugging away. May be.
Raising the federal minimum wage to $15 an hour would deliver sizable benefits to low-wage workers and lift millions of people in the U.S. out of poverty while having little impact—positive or negative—on employment levels.

So says a new report assembled not by a progressive advocacy organization or a left-leaning think tank, but Wall Street titan Morgan Stanley, which found in a 75-page analysis that—contrary to the GOP's branding of the proposed $15-an-hour federal minimum wage as a job-killer—"the wealth of research points to no definitive conclusion on the impact higher wages have on employment."

"However," the report adds, "it is evident that the impact to employment... would be minimal, while the social benefits to lifting real wages of lower-income earners and millions out of poverty are substantial." - Common Dreams

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