Raising the minimum wage helps some workers, but economists warn it could hurt others

Nineteen states raised the minimum wage on Jan. 1, with some reaching $15/hour while 20 states remain at $7.25. Economists Heather Long and Scott Beaulier highlight both benefits for workers and risks of automation and job loss if wages rise too sharply. Housing costs, up 50% in five years, are a key factor in the debate.