Tuesday, March 29, 2016

Pretty Sure It Will Be Fine

California will survive.
California is on the verge of making itself a guinea pig in a bold economics experiment.

By moving toward a plan to raise the statewide minimum wage to $15 an hour by 2022, the state could raise living standards for millions of workers. But it could also increase unemployment among some of the very same economically marginal workers the wage increase is intended to help.

I'll bet $15 it will increase teen unemployment a tiny bit, but otherwise... all good.