Minimum wage: $15 NOW!; or 15... eventually

[classicman]

Boosting the federal minimum wage would be great news for the workers who’d receive a higher paycheck. Not so much for those who’d be out of a job. That anxiety sums up much of the debate around increasing the minimum wage.

Fueling angst on the right, the Congressional Budget Office reported last year that raising the federal minimum to $10.10 would cost about 500,000 jobs. Even liberal restaurant owners, like the ones NewsHour’s Paul Solman spoke to in Seattle last spring, worried that paying their workers more would doom their businesses, while nonprofit organizations feared having to cut their staff and services.

PBS Article