New minimum-wage fight, same bad results
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
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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....
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