Economists weigh the pros and cons of a $15 minimum wage

Published March 31, 2016 This content is archived.

Print

An article on ABC News about the benefits and drawbacks of a $15 minimum wage quotes Jerry Newman, SUNY Distinguished Teaching Professor Emeritus of Organization and Human Resources, who said an increase in the minimum wage could have far-reaching effects on industries that don’t pay it. “Wage hierarchies have been rigid for a long period of time, but this could change all of that,” he said. “If I am making $15 right now at a bank, and someone is making $12 at a fast-food restaurant, and that gets raised to $15, it creates pressure to raise the wages of that bank teller.” The article also appeared on news outlets around the country, including WABC-TV in New York City, WTVD-TV in North Carolina and KMBZ-FM in Kansas City.

Read more:

Media Contact Information

Media Relations (University Communications)
330 Crofts Hall (North Campus)
Buffalo, NY 14260-7015
Tel: 716-645-6969
ub-news@buffalo.edu