Minimum wages to rise in at least ten states and three cities in 2013
- December 18, 2012
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is quoted in the Alaska Business Monthly December 17, 2012
From the Alaska Business Monthly:
Today, the Employment Policies Institute (EPI) announced that ten states and two cities will increase their minimum wages on January 1, 2013….“There is little doubt that raising the minimum wage has disastrous results for the most vulnerable jobseekers,” said Michael Saltsman, research fellow at the EPI. “According to economists at the University of California-Irvine and the Federal Reserve Board, 85 percent of the most credible studies on the subject from the last two decades point to job loss following an increase in the minimum wage.”
For the full story, please visit http://www.akbizmag.com/Alaska-Business-Monthly/December-2012/Minimum-Wa....