, Columnist
A Higher Minimum Wage Won't Lead to Armageddon
The data to support that idea is sketchy or nonexistent.
It won't be as bad as that.
Source: Fine Art Images/heritage images/getty imagesThis article is for subscribers only.
Venture capitalist Nick Hanauer is one of the nation’s most important advocates for the minimum wage. He helped spearhead Seattle’s successful fight for $15 an hour, and is now helping the campaign to extend that number to the entire nation. Hanauer’s support goes beyond money, however -- he is very outspoken on Twitter and on the internet, penning many long and forceful articles in support of a higher minimum wage and lambasting the status quo in economics.
In a recent post in Democracy Journal, Hanauer wrote that I was predicting “economic Armageddon” from minimum wage increases: