Wolfers on benefits of raising Michigan minimum wage | Gerald R. Ford School of Public Policy

Wolfers on benefits of raising Michigan minimum wage

July 31, 2024 The New York Times

Ford School professor, Justin Wolfers, explained the benefits of the phase in period for the raised Michigan minimum wage, saying that this period is "so businesses have a long time to adapt.” Wolfers also said, “perhaps businesses have a bit of extra fat that they could share,” and that raising the minimum wage would make some of that revenue go to workers.