Do ‘All the Economics Show’ That a Minimum Wage Increase Will Help the Economy?

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In a recently released clip from his pre-Super Bowl CBS interview, President Joe Biden acknowledged that a $15 minimum wage wouldn’t be included in the $1.9 trillion coronavirus relief package, but he announced his willingness to gradually increase the minimum wage to $15 an hour in a separate effort, claiming that “all the economics show that if you do that the whole economy rises.”

The current federal minimum wage is $7.25, and while there is widespread support for raising the minimum wage among left-leaning economists and think tanks, such support…

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