Trickle-downers always argue that raising the minimum wage inevitably kills jobs. But the empirical evidence from Seattle, Los Angeles, and elsewhere prove otherwise. Experts, including Mayor Garcetti of LA, discuss how our economic understanding has changed, and why changing the public perception around the minimum wage has been so difficult.nEric Garcetti: Mayor of Los Angeles since 2013. Former member of the LA City Council, serving as council president from 2006 to 2012. nTwitter: @ericgarcetti nAlan Krueger: Bendheim Professor of Economics and Public Affairs at Princeton. Former Chairman of President Obama’s Council of Economic Advisers and a member of the Cabinet from 2011 to 2013. Co-author of ‘Myth of Measurement: The New Economics of the Minimum Wage’ and ‘Inequality in America: What Role for Human Capital Policies?’. nTwitter: @Alan_KruegernRichard Kirsch: Director of Our Story at the Hub for American Narratives. Led development of Progressive Economic Narrative Project and has done extensive training with organizational leaders and elected officials on delivering powerful narratives.nTwitter: @_RichardKirschnFurther reading: Raising the Minimum Wage Is Good for EveryonenSeattle’s $15 Minimum Wage Experiment Is a Success
Repost: Why raising the minimum wage doesn’t raise unemployment (with Mayor Eric Garcetti and Alan Krueger)
You may have noticed that the trickle-downers are out in full force again spouting bad ideas in response to the Raise the Wage Act, which will raise the federal minimum wage to $15/hour. To set the record straight, we’re reposting one of our first-ever episodes, from early 2019, that reveals what the research proves (no, raising the minimum wage doesn’t affect employment), and asks why changing public perception around the minimum wage has been so difficult.
Eric Garcetti is the Mayor of LA, where he signed a $15 minimum wage ordinance into law in 2015.
The late Alan Krueger was a leading labor economist best known for his work on the effects of the minimum wage.