What does a $15 minimum wage do to the economy? Economists are starting to find out.

America is one of the lowest wages in any advanced democratic world in the world. These low wages are one element of every element, from income inequality to high poverty rate of children, high public spending rate for low income family support program.

When Seattle started running a minimum wage of $ 15, the city hired a team of economists at the University of Washington and analyzed the impact of wages on cities. Since then, the results of the study of Seattle's Minimum Wage Study Group have been largely forward-looking. In 2016, they discovered that Seattle 's wage increased, employment of the city' s low - employment increased, and time worked. They reported at the beginning of this year that the impact of wage increases on restaurant hiring was "near zero." This week, Seattle's Minimum Wage Research Group's Seattle minimum wage research group announced a report that the price of restaurants and grocery stores did not rise due to the minimum wage.

As you can imagine, the minimum wage of $ 15 is the main topic of the conference. Cities and states across the country are raising wages and the Democrats in 2018 and around 2020 are preparing to operate with a platform that promises a minimum wage of $ 15. It is natural for economists to focus on minimum wages as research areas. First, Amanda Y. Agan of Rutgers University and Michael D. Makowsky of Clemson University published a new report on the impact of minimum wage growth on the recidivism rate of imprisoned Americans. They found that "Average minimum wage growth rate of 8% reduced the likelihood that men and women will return to 2% prison within a year."

Because of the high requirement to raise the minimum wage to $ 15. Many companies have dismissed employees and are closed forever. The face value of $ 15 easily summarizes the need for a minimum wage of $ 15. It also pointed out that Clinton and Obama administration economists believe that $ 15 minimum wage is "extremely dangerous". The $ 15 battle did not take this problem into account. In all my other papers I tried to explain that raising the minimum wage to $ 15 is not a wise idea. As the campaign wanted to close the business at $ 15, he did not realize that the customer received more claims to supplement the $ 15 demand. The big government is not a problem. This is a person who hears too much and hardly does.