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The Nexus
BUSINESSMay 22 · 11:00 UTCTHE ATLANTICEric Beinhocker

The Economic Experiment That Upended Reality

The article examines how the $15 minimum wage, initially dismissed as economically harmful by mainstream economists and policymakers, proved successful when implemented in Seattle in 2014 and subsequently adopted across multiple states. The success of these minimum wage increases contradicts the neoliberal economic paradigm that predicted job losses, suggesting the broader economic framework may be fundamentally flawed.

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