The record is clear: Minimum wage hikes destroy jobs
The record is clear: Minimum wage hikes destroy jobs
- April 17, 2013
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in Forbes April 17, 2013
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From Forbes:
There’s at least one minimum wage fact that both Republicans and Democrats agree
on: Opposing an increase, as Republicans typically do, is a political loser. So confident
are Democrats in the effectiveness of this “wedge” issue that they’ve made it a key
part of their 2014 strategy to retake control of the House of Representatives… In
a comprehensive, 182-page summary of the research on this subject from the last two
decades, economists David Neumark (UC-Irvine) and William Wascher (Federal Reserve
Board) determined that 85 percent of the best research points to a loss of jobs following
a minimum wage increase.
For the full story, please visit http://www.forbes.com/sites/realspin/2013/04/17/the-record-is-clear-mini....
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