Does raising the minimum wage always result in job growth?
Does raising the minimum wage always result in job growth?
- November 6, 2014
- David Neumark, economics Chancellor’s Professor, is quoted by PolitiFact Nov. 6, 2014
From PolitiFact:
David Neumark is an economist who has researched the issue and believes raising the
minimum wage reduces employment for the lowest skilled workers. He noted, though,
that the economy has grown over the long term, resulting in job growth in all wage
and skill levels. "The causes of growth, and the business cycle as well, completely
swamp (increases to) the minimum wage," said Neumark, director of the Center for Economics
and Public Policy at the University of California Irvine.
For the full story, please visit http://www.politifact.com/truth-o-meter/statements/2014/nov/06/ben-cardin/does-raising-minimum-wage-result-job-growth/.
Share on:
connect with us