The Economic Experiment That Upended Reality

Minimum-wage increases were expected to kill jobs. The fact that they didn’t should make us rethink a lot of assumptions.

Excerpt: "Building on this research, we see that workers are not commodities. They are participants in a cooperative enterprise.

When you pay them more fairly, they engage more fully. They stay longer, work harder, and, crucially, spend more, circulating money back into the very economy that employs them."