The minimum wage: Not what it used to be?
The minimum wage: Not what it used to be?
- December 10, 2013
- David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured by National Review December 10, 2013
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From the National Review:
The same seems to be true about the minimum wage. Today professor David Neumark,
a professor of economics and director of the Center for Economics and Public Policy
at the University of California, Irvine, has a great piece explaining how complaints
about the decline in the real value of the minimum wage aren’t taking into consideration
the fact that federal policy aimed at low-wage work and low-income families has rightly
shifted “toward a generous earned-income tax credit, which is better focused on poor
families.” That means that we’re relying less on the minimum wage than we did 20 years
ago, but doesn’t mean that there’s a lower level of assistance to lower-income Americans.
He writes:
For the full story, please visit http://www.nationalreview.com/corner/365938/minimum-wage-not-what-it-use....
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