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Opinion piece on downside of $15 minimum wage


HSFBfan

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http://www.sacbee.com/opinion/california-forum/article193029289.html

A few months later, UC’s Labor Center issued its own study, declaring that “California’s $15 minimum wage law will substantially increase lifetime earnings among low-income workers (and) by boosting the earnings of low-income workers, the $15 minimum wage policy will enable them to save for retirement (and) will result in a significant increase in Social Security benefits for young low-income workers, and a modest increase for mid-career low-income workers.”

So 15/hour 28k a year is enough to save for retirement??? really

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Just now, concha said:

Does this "study" take into account automation of jobs?

Does it take into account inflation it will cause? 

Why not $50/hour?

Basically it says that companies would rather automate jobs then give the 15/hour and that the 15/hour does not help low skill workers

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