New minimum-wage fight, same bad results
- December 3, 2013
- David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is quoted by the U-T San Diego December 3, 2013
From the U-T San Diego:
This sparked a rush of new research, which bolstered previous findings that rising minimums cause unemployment. “That doesn’t mean we shouldn’t do it; it means we should think about the trade-offs,” said David Neumark, a UC Irvine economist who co-authored a comprehensive review of such research in 2007. Even if society decided that a “living wage” was worth tossing thousands of low-wage earners out of work, that doesn’t necessarily equate to greater social justice. About one third of minimum-wage workers live in households that earn $50,000 a year or more, Neumark says.
For the full story, please visit http://www.utsandiego.com/news/2013/dec/03/minimum-wage-protest-bad-resu....
Related News Items
- Associations between sleep apnea risk and cardiovascular disease indicators among Chinese and Korean Americans
- Kiazolu and Painter receive Mellon Foundation/UC President's Postdoc support
- Iranian protesters are part of a worldwide fight for women's rights
- What is biphasic sleep and is it healthy for humans?
- China's demographic crisis looms over Xi Jinping's third term