The negative effects of raising minimum wage in America
The negative effects of raising minimum wage in America
- November 27, 2015
- Research by David Neumark, economics Chancellor’s Professor, is featured by Money Q&A Nov. 27, 2015
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From Money Q&A:
Increasing the minimum wage has not proven to be effective at lowering the overall
poverty rate in America. According to economists at the Federal Reserve Board and
the University of California, Irvine, research shows that a higher minimum wage reduces
employment for those with the least amount of skills and has little to no effect on
poverty rates. There is little to no relationship between higher minimum wage and
reductions in overall poverty levels in America.
For the full story, please visit http://moneyqanda.com/effects-of-raising-minimum-wage/.
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