Or in other words, the unintended consequences of uniformed liberal policy....
http://www.washingtontimes.com/news/2015/oct/26/richard-berman-the-price-of-robert-reichs-15-minim/
Like his progressive counterparts, University of California-Berkeley professor Robert Reich is an outspoken advocate for more than doubling the federal minimum wage to $15 an hour. Unlike his progressive counterparts, he admits that doing so could cause job loss.
This is somewhat surprising because despite the fact that even left-of-center economists like Alan Kreuger, Katharine Abraham, and Harry Holzer have warned about job loss from a $15 national minimum wage, the message hasn’t filtered down to the activist class. What’s more shocking is that Mr. Reich still supports it, arguing in a recent blog post: “Even if a $15 an hour minimum wage risks job losses, it is still the right thing to do.”
http://www.washingtontimes.com/news/2015/oct/26/richard-berman-the-price-of-robert-reichs-15-minim/
Like his progressive counterparts, University of California-Berkeley professor Robert Reich is an outspoken advocate for more than doubling the federal minimum wage to $15 an hour. Unlike his progressive counterparts, he admits that doing so could cause job loss.
This is somewhat surprising because despite the fact that even left-of-center economists like Alan Kreuger, Katharine Abraham, and Harry Holzer have warned about job loss from a $15 national minimum wage, the message hasn’t filtered down to the activist class. What’s more shocking is that Mr. Reich still supports it, arguing in a recent blog post: “Even if a $15 an hour minimum wage risks job losses, it is still the right thing to do.”
