Would killing the minimum wage help?
- July 1, 2011
- Research by David Neumark, economics professor, is quoted in Bloomberg Businessweek June 30, 2011
From Bloomberg Businessweek:
In a 2009 blog post, [Michele] Bachmann, a Minnesota congresswoman, cited research by David Neumark, a University of California at Irvine economist, on the job-killing effects of the minimum wage for teens and young adults. In a June 27 interview with Bloomberg Businessweek, Neumark stood by those findings. He added, however, that “the link between the federal minimum wage and employment for the lion’s share of workers is irrelevant... It’s not even in the top 10 list of how to recover from the Great Recession.” (The Bachmann campaign did not respond to an e-mail request for comment.)
For the full story, please visit http://www.businessweek.com/magazine/would-killing-the-minimum-wage-help....