Is the minimum wage too low?
Is the minimum wage too low?
- July 12, 2012
- David Neumark, economics Chancellor's professor and Center for Economics & Public Policy director, is interviewed on Minnesota Public Radio July 12, 2012
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From Minnesota Radio:
In an attempt to balance the city budget, Scranton, Pa. cut all city worker pay last
week to minimum wage, $7.25 an hour. The news came as wages around the country appear
to be falling. "Falling wages are taking us back to where we were before the recession,"
wrote Atlantic magazine associate editor Jordan Weissmann. "For many workers, that's
not a good place. And there aren't any easy ways out of it." In a time of economic
uncertainty, would raising the minimum wage provide a better quality of life for many
hourly workers, or would it lead to larger deficits and keep employers from hiring?
Weissmann will join The Daily Circuit Thursday to talk about raising the minimum wage.
David Neumark, director of the Center for Economics and Public Policy at University
of California, Irvine, will also join the discussion.
Audio link available at http://minnesota.publicradio.org/display/web/2012/07/12/daily-circuit-mi....
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