HOW ECONOMISTS LEARNED TO LOVE MINIMUM WAGE HIKES

WOULD RAISING THE federal minimum wage to $15 an hour cost jobs? That may seem like a strange question to ask. Forcing an economy-wide hike in the price of something typically means that people will purchase less of it. Other things being equal, forcing employers to pay more for low-wage labor is likely to mean they will employ fewer people.

In recent years, however, liberal policy wonks and Democratic Party stalwarts have begun to reject this answer, claiming, contrary to considerable evidence, that raising the minimum wage might result