The wrong way to reduce poverty: Column
The wrong way to reduce poverty: Column
- September 20, 2013
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured by USA Today September 20, 2013
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From the OC Register:
A team of economists from the Federal Reserve and the University of California, Irvine
studied the experience of poor families before and after an increase in the minimum
wage. Their findings deserve attention. Those who received a bump in hourly pay and
kept their jobs were better off. Yet those who lost hours at work found themselves
with less take-home pay even though their hourly wage was higher. Others even lost
their jobs entirely. Overall, the economists found that the "losers" from a higher
minimum wage outnumbered the "winners" On net, a wage hike can actually make the poor
worse off.
For the full story, please visit http://www.usatoday.com/story/opinion/2013/09/20/minimum-wages-poverty-c....
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