Trickle-downers always argue that raising the minimum wage inevitably kills jobs. But the empirical evidence from Seattle, Los Angeles, and elsewhere prove otherwise. Experts, including Mayor Garcetti of LA, discuss how our economic understanding has changed, and why changing the public perception around the minimum wage has been so difficult.
Eric Garcetti: Mayor of Los Angeles since 2013. Former member of the LA City Council, serving as council president from 2006 to 2012.
Alan Krueger: Bendheim Professor of Economics and Public Affairs at Princeton. Former Chairman of President Obama’s Council of Economic Advisers and a member of the Cabinet from 2011 to 2013. Co-author of ‘Myth of Measurement: The New Economics of the Minimum Wage’ and ‘Inequality in America: What Role for Human Capital Policies?’.
Richard Kirsch: Director of Our Story at the Hub for American Narratives. Led development of Progressive Economic Narrative Project and has done extensive training with organizational leaders and elected officials on delivering powerful narratives.
Further reading: Raising the Minimum Wage Is Good for Everyone
Seattle’s $15 Minimum Wage Experiment Is a Success
This post was originally published on Pitchfork Economics with Nick Hanauer.