The cost of raising minimum wage

Mayor Eric Garcetti proposed a plan in 2014 to increase minimum wage in Los Angeles to $13.25 by 2017—some city lawmakers would even like to extend that increase to $15.25 by 2019.

But would this boost the local economy? Would it raise low-paid workers out of poverty like Garcetti and other city officials claim?

According to the LA Times, three separate studies were released Thursday attempting to answer those questions. However, the studies reported conflicting conclusions.

One study reported the increase would stifle job growth whereas another reported it would have a minimal effect. The third report found the benefits of the wage increase to $15.25 would outweigh the costs and that the city would continue to add jobs overall.

Needless to say, these reports only further complicated conversation.

Find the full PDFs here:

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