What does raising the minimum wage cost?

Minimum wage map from EPI
Minnesota is one of several states that has a higher minimum wage than the federal rate of $7.25 per hour
Economic Policy Institute

The national minimum wage has remained at $7.25 per hour since 2009.

Today more than half of U.S. states and several cities have minimums that exceed the federal level.

MPR News host Kerri Miller spoke with two economists about what we've learned from cities that have increased their minimum wage and why some economists disagree on the effects.

Ken Jacobs is chair of Labor Center at the University of California Berkeley. Adam Ozimek is an economist at Moody's Analytics.

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