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
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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.
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