The minimum wage debate: Who's right?
The minimum wage debate: Who's right?
- November 11, 2013
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in Forbes November 11, 2013
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From Forbes:
One of the most debated questions about the minimum wage is whether businesses will
simply make do with fewer workers if they have to pay them more. There have been numerous
studies on this question, with academics coming down on both sides of the issue. A
two-decade literature review by a University of California, Irvine economist and a
member of the Federal Reserve Board, published in 2007, found that a hike in the minimum
wage did hurt the job chances of low-wage workers. A separate 2010 paper, prepared
by economist Joseph Sabia for the Employment Policies Institute, a conservative think
tank, likewise found that a higher minimum wage drove down GDP in low-skilled industries.
For the full story, please visit http://www.forbes.com/sites/susanadams/2013/11/11/the-minimum-wage-debat....
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