Raising the minimum wage: Who does it help?
Raising the minimum wage: Who does it help?
- January 3, 2012
- David Neumark, economics professor and Center for Economics & Public Policy director, is quoted in NPR, KPLU News, FutureOfCapitalism.com, KCLU and Gulf Today January 3, 2012
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From NPR:
"I don't think there's any sensible economist who thinks you could double the minimum
wage and not throw a lot of people out of work," says David Neumark, director of the
Center for Economics and Public Policy at University of California, Irvine. There
is a debate, he says, over the effect of incremental raises for the small group of
largely unskilled workers who earn the minimum wage. "The consensus from a lot of
studies I've surveyed — including my own — says that a 10 percent increase in the
minimum reduces employment of those very low-skilled groups by about 1 to 2 percent,"
he says.
For the full story, please visit http://www.npr.org/2012/01/03/144594861/raising-the-minimum-wage-who-doe....
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