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.” …

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