News and Commentary

A $15 Minimum Wage Would Cost 2 Million Jobs, Professors Conclude

Ashe Schow
A $15 Minimum Wage Would Cost 2 Million Jobs, Professors Conclude
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Instituting a minimum wage hike to $15, as Democratic presidential candidate Joe Biden supports, would cost 2 million American jobs, a new report claimed.

The report, from economics professor David Macpherson at Trinity University in Texas and business professor William Even at Miami University in Ohio, found that enacting a federal minimum wage of $15 would hurt the economy, especially industries already hit hard by the coronavirus pandemic.

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