Barry Ritholtz, Columnist

The Overhyped Seattle Minimum-Wage Disaster

There are glaring weakness in a new study claiming that increased pay floors hurt low-wage workers.

July 10, 2017 at 6:41 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Still waiting for a verdict.
Photographer: David Ryder/Getty Images

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A study released last month by the University of Washington on Seattle’s effort to raise the minimum wage to $15 an hour has gotten a lot of attention. So what does the new study tell us?

Less than you might think.