California’s new $20 minimum wage could leave the state with higher unemployment for years to come, economist says

There are “obvious limits” to raising wages, says libertarian economist Scott Sumner: “Quite a few workers would not be profitable at $40 an hour.” … There are “obvious limits” to raising wages, says libertarian economist Scott Sumner: “Quite a few workers would not be profitable at $40 an hour.” … See the entire article on…

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Jobs Report: Unemployment Hits 3.8% As Job Growth Pops

The unemployment rate moved to 3.8% last month, equaling estimates of 3.8% and dipping from February’s 3.9%, extending the longest streak of sub-4% unemployment in six decades. Hourly earnings rose … The unemployment rate moved to 3.8% last month, equaling estimates of 3.8% and dipping from February’s 3.9%, extending the longest streak of sub-4% unemployment…

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