The young and the jobless
- October 5, 2009
- Studies by David Neumark, economics professor, are highlighted in the Wall Street Journal on October 4, 2009
From the Wall Street Journal:
Earlier this year, economist David Neumark of the University of California, Irvine, wrote on these pages that the 70-cent-an-hour increase in the minimum wage would cost some 300,000 jobs. Sure enough, the mandated increase to $7.25 took effect in July, and right on cue the August and September jobless numbers confirm the rapid disappearance of jobs for teenagers.
For the full story, please visit http://online.wsj.com/article/SB10001424052970203440104574402820278669840.html