"There is little precedent for an increase of this magnitude."
Over at NYT, Noam Scheiber has an interesting look at the some of the research regarding minimum wage increases and what it might say as New York State and other places head for $15 per hour. Though maybe what it doesn't say is more accurate. As Scheiber writes: "[T]he sheer magnitude of the recent minimum wage increases sets up an economics experiment the country has rarely if ever seen before." (The article also includes some interesting bits about a Subway franchise in Albany.) [NYT]
Earlier on AOA: A few ways of thinking about the minimum wage
... said KGB about Drawing: What's something that brought you joy this year?