Why not lower the minimum wage?
Why not lower the minimum wage?
- December 11, 2009
- David Neumark, economics professor, is featured in the Washington Post December 8, 2009
-----
From the Washington Post:
I know, I know: the actual impact of minimum wage laws on employment is a hotly debated subject. But the overall sweep of economic research supports the prediction of economic theory -- and common sense -- which is that raising the price of labor will, at the margin, reduce hiring. In a 2008 survey of decades of minimum-wage literature, economists David Neumark of the University of California, Irvine and William L. Wascher of the Federal Reserve Board confirmed that minimum wage laws do indeed reduce job opportunities for less-skilled workers and even tend to reduce their earnings.
For the full story, please visit http://voices.washingtonpost.com/postpartisan/2009/12/why_not_lower_the_....
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightDCF says it learns from child deaths in CT. The public can't always see how
- Careet RightBridging data systems, AI models and computing
- Careet RightCalifornia childcare costs can be range from $10k to $25K a year for one child, study finds
- Careet RightHow immigration policy is shaping the lives of Latino college students in California
- Careet RightLanding in Place