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
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....
Share on:
Related News Items
- Ahead of Trump 2.0, Women's March rebrands as 'The People's March,' with local events. Can they revive the fervor of 2017?
- China's population declines for 3rd straight year
- Ethnographer's Way by UCI professors Peterson and Olson named among The Chronicle's top books of 2024
- Why Hungary inspired Trump's vision for higher ed
- Holding on to a middle-class home in a burning Los Angeles
connect with us