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Even Liberal Economists Pan $15/Hr Min Wage

As Democrats cave to the most extreme elements of their party & file a bill today for a nationwide $15 minimum wage, it’s important to remember that even liberal economists have panned this idea, explaining that it could have serious economic ramifications: 

Alan Krueger, Former Chairman Of Obama’s Council Of Economic Advisors“The push for a nationwide $15 minimum wage strikes me as a risk not worth taking, especially because other tools, such as the earned-income tax credit, can be used in combination with a higher minimum wage to improve the livelihoods of low-wage workers.”

Gary Burtless, Brookings Institute“‘It’s very hard to believe that a minimum wage hike to $15 would produce the same adverse impact on employment as a hike to just $10.10’…Indeed, the potential adverse impacts are ‘likely to be considerably bigger’ at $15.”

Neera Tanden, Former Policy Advisor To Hillary ClintonSubstantively, we have not supported $15 — you will get a fair number of liberal economists who will say it will lose jobs.” 

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