Cooney comments on minimum wage debate

May 19, 2021 WXYZ Detroit

McDonald's workers are striking for better wages all across the country, including in Michigan. Many argue against a higher minimum wage, saying that it would cause job loss. Patrick Cooney, assistant director of economic mobility at U-M Poverty Solutions, provided some clarification around the issue.

"I think a lot of time the narrative that comes with minimum wage increases is that it could come with a lot of job loss. The research does not support that," Cooney said. "A lot of people talk about potential employer loss, but there is also this idea of potential employment gain, where if you can get more workers to reengage in the labor market at this higher clearing wage, that is a good thing."