Minimum wage: Credible studies show raising it costs jobs
Minimum wage: Credible studies show raising it costs jobs
- April 23, 2013
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the San Jose Mercury News April 23, 2013
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From the San Jose Mercury News:
This week, a bill from Assemblyman Luis Alejo, D-Salinas, to raise the state minimum
wage to $9.25 will receive a hearing in the Legislature's Labor and Employment Committee.
His proposal, like a federal $10.10 minimum wage bill promoted on these pages recently
by Rep. George Miller, D-Martinez, would index the minimum wage to rise with inflation.
It's a policy that's more than just unnecessary. It would actively harm entry-level
and less-experienced job seekers… This drop in opportunities for young people isn't
just anecdotal. It's been measured empirically. UC Irvine economist David Neumark
recently teamed up with Federal Reserve economist William Wascher to summarize the
research on the minimum wage from the last two decades. They found that 85 percent
of the most credible studies pointed to job loss for less-experienced teens following
a wage hike.
For the full story, please visit http://www.mercurynews.com/opinion/ci_23064644/minimum-wage-credible-stu....
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