Minimum wage issue carries a lot of risk (Opinion)

Minimum wage issue carries a lot of risk (Opinion)
- June 19, 2013
- David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is quoted in the Lowell Sun June 19, 2013
From the Lowell Sun:
An interesting statistic in this debate comes from a Boston Globe story that quoted
David Neumark, an economics professor at the University of California, Irvine and
co-author of the book Minimum Wages. He concluded that when minimum wages increased,
some low-wage workers lost money from reduced hours. He also said about 33 percent
of minimum-wage workers are in families earning more than $55,000 a year, which puts
them in the top 50 percent of income distribution nationally. "Most families are poor
because they have no workers, not because they have low-wage workers," Neumark told
The Globe.
For the full story, please visit http://www.lowellsun.com/opinion/ci_23491059/minimum-wage-issue-carries-....
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