YES: A $15 an hour minimum wage is a start
By Dean Baker
President Joe Biden has proposed raising the minimum wage to $15 an hour by 2025. This has led to the predictable cries of economic disaster from business organizations and right-wingers more generally.
The standard argument against raising the minimum wage is not supported by the evidence.
We now have considerable experience with state and local governments having substantial increases in their minimum wages. Several cities, including New York, San Francisco and Seattle, already have a $15 an hour minimum wage. California’s statewide minimum wage is now at $14 an hour and is scheduled to hit $15 an hour for midsize and large employers next year and all employers in 2023.