Professor refutes City report on minimum wage
UC Berkeley Economists Present Research Analyzing Effects of San Francisco Minimum Wage Measure
Director of the Institute for Research on Labor and Economics and Professor at UC Berkeley, Michael Reich, has just presented at a press conference that the proposed San Francisco minimum wage increase will have no significant impact when it comes to job losses. But in July 2014, the San Francisco Office of Economic Analysis under Ted Egan, published a report that said the City would lose 15,270 private sector jobs by 2019 if the minimum wage was increased to $15 by 2018, as proposed in Prop J for the November 2014 ballot.
Listen to Prof. Reich say why he thinks the City's analysis isn't right.
Watch all the videos from the press conference: