The 40-year slump
The 40-year slump
- November 15, 2013
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the American Prospect November, 2013
From American Prospect:
When a Wal-Mart opens in a new territory, it either drives out the higher-wage competition
or compels that competition to lower its pay. David Neumark, an economist at the University
of California, Irvine, has shown that eight years after Wal-Mart comes to a county,
it drives down wages for all (not just retail) workers until they’re 2.5 percent to
4.8 percent below wages in comparable counties with no Wal-Mart outlets.
For the full story, please visit http://prospect.org/article/40-year-slump.
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