A major argument against raising the minimum wage is productivity ceilings. Is a retail workers work worth $15/hr? If it isn’t, the employer is losing money by

A major argument against raising the minimum wage is productivity ceilings. Is a retail workers work worth $15/hr? If it isn’t, the employer is losing money by keeping them, and so they are fired. If I remember correctly, the congressional budget office reported that a $15 federal min wage would lift 1 mil people out of poverty - but would also cost 1 mil jobs.