On Thursday, the Employment Policies Institute (EPI) released a new study by Drs. David Macpherson of Trinity University and William Even of Miami University that estimated California will lose 400,000 jobs by the time the $15 minimum wage is fully phased-in by 2022.
The study examined the effects of California’s minimum wage increases over the past three decades. The economists found that each 10% increase in the state’s minimum wage triggers almost 5% of jobs in California lost in industries with a larger percentage of lower-paid employees.
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