Debate rages over New York raising its minimum wage by $1.25 an hour


David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is quoted in Syracuse March 13, 2012

From Syracuse:
As more states, and even some cities, have inched their wages up at different rates in the last two decades, job loss does happen in places with higher minimum wages among the very people who are the hardest to employ, according to Richard Valentine Burkhauser, a professor in Cornell University's College of Human Ecology and an adjunct scholar at the conservative American Enterprise Institute in Washington. A study he co-authored, published earlier this year, found when minimum wages go up in one state but not neighboring ones, as many as 1 in 5 people, ages 16 to 29 without high school degrees, lose work. Burkhauser's study didn't explore why this happens, and he said the job loss does not necessarily mean that work migrates from the higher-paying states to the lower-paying ones. "A lot of people get a small raise," said David Neumark, an economics professor at the University of California, Irvine who agrees with Burkhauser's work. "And a small group of people lose their jobs."

For the full story, please visit http://www.syracuse.com/news/index.ssf/2012/03/debate_rages_over_new_yor....

Wednesday, March 14, 2012