Who really makes the minimum wage?
- April 13, 2011
- A study by David Neumark, economics professor and Center for Economics & Public Policy director, is feautred in the Northwest Indiana Times April 13, 2011
From the Northwest Indiana Times:
Indiana and Illinois share a border, but the similarities between the two end there.While the Illinois Legislature considers taxes and mandates, Indiana's has focused on making the state more business-friendly. For instance, legislators in Springfield have tried to raise Illinois' minimum wage to $10 an hour or more; in Indianapolis, legislation has advanced that would prohibit individual cities and counties from mandating a minimum higher than the state level.... The data back this up: A survey of two decades of research on the subject by David Neumark (University of California, Irvine) and William Wascher (Federal Reserve Board) found that 85 percent of the best studies agreed that minimum wage increases cost some low-skilled workers their jobs.
For the full story, please visit http://www.nwitimes.com/news/opinion/guest-commentary/article_f4c6a8a0-3...