Who's checking credentials for wage 'experts'?
- July 29, 2011
- Research by David Neumark, economics professor, is featured in the Telegraph-Journal July 29, 2011
From the Telegraph-Journal:
Economists at the University of California, Irvine and the Federal Reserve Board determined that 85 per cent of the best and most reliable studies on the subject released in the last 20 years confirm that jobs are lost following a minimum wage increase. Faced with a lack of empirical evidence, wage hike advocates reached for a common fallacy - the appeal to authority, which took the form of 665 economists claiming that minimum wage increases have no effect on employment. Unfortunately for these advocates, that list didn't withstand our close scrutiny.
For the full story, please visit http://telegraphjournal.canadaeast.com/opinion/article/1427437.