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  • Los Angeles Times

    A higher minimum wage won't bankrupt businesses

    by David Dayen, Los Angeles Times Jan 09, 2018 3 minutes

    Eighteen states and 19 cities increased their minimum wages on Jan. 1, raising salaries for an estimated 4.5 million U.S. workers. California's minimum jumped 50 cents to $10.50 an hour for smaller employers and $11 an hour for companies with more than 26 employees.

    An unspoken convention of policy reporting dictates that you cannot mention this fact without also giving space to the business community's insistence that low-end wage hikes destroy jobs. The actual analysis of that question is not that mixed, however.

    The classic 1994 study from

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