How the $15 minimum wage went from laughable to viable
How the $15 minimum wage went from laughable to viable
- April 1, 2016
- David Neumark, economics Chancellor’s Professor, on minimum wage in The New York Times April 1, 2016
From the NYT:
David Neumark, an economics professor at the University of California, Irvine, estimated
that raising the state’s minimum to $15 would reduce employment among the least skilled
by 5 percent to 10 percent. … “There’s no question that a minimum-wage increase will
help more people than it hurts,” he said. “But it takes a lot of people getting a
$300 raise to offset someone losing their job.”
For the full story, please visit http://www.nytimes.com/2016/04/03/sunday-review/how-the-15-minimum-wage-went-from-laughable-to-viable.html?_r=0.
Share on:
Related News Items
- Jon Coupal: ULA tax numbers expose economic ignorance
- Opinion: Black and Hispanic youths pay the biggest price for minimum wage hikes
- Fast food chains, workers are bracing for California's minimum wage increase: What to know
- Opinion: California's crazy 'fast food' minimum wage takes effect
- California fast food minimum wage going up
connect with us