Michael Saltsman: The minimum wage is the War on Poverty’s least-effective tool (Opinion)
Michael Saltsman: The minimum wage is the War on Poverty’s least-effective tool (Opinion)
- January 8, 2014
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the New Hampshire Union Leader January 8, 2014
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From the Union Leader:
This week marks the 50th anniversary of President Lyndon B. Johnson’s War on Poverty
– a war that includes some battles won and others lost. Unfortunately, President Obama
and Senate Democrats plan to use the occasion to amplify their call for a higher minimum
wage, which is by far the least-effective tactic in our country’s ongoing attempt
to reduce poverty…In a 2008 review of the research on minimum wages and poverty, economists
from the University of California, Irvine and the Federal Reserve demonstrated that
almost all studies find that a higher minimum wage has either no effect on poverty
or even increases it.
For the full story, please visit http://www.unionleader.com/article/20140109/OPINION02/140109367.
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