Treasury Department Nominee: $15 Minimum Wage Job Losses Would Be ‘Very Minimal’

The job losses from hiking the federal minimum wage to $15 would be “very minimal,” President-elect Joe Biden’s choice to head the Treasury Department claimed on Tuesday.

“In terms of potential job loss, there’s now a large economic literature on this, and much of it suggests that raising minimum wages …. researchers often look at what happens if one state raises its minimum wage and a neighboring state leaves it alone to see how businesses fare in the two different places with different treatments, and the findings are that job...