Strictly Business: High price of low-cost products
Strictly Business: High price of low-cost products
- February 23, 2014
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in The Columbian and Bloomberg Businessweek February 23, 2014
From The Columbian:
Wal-Mart and Amazon offer low prices that allow us to stretch our tight budgets.
But our gain comes at a price to the community. Even in the low-paying retail sector,
Wal-Mart stands out for its low wages. One study by David Neumark, an economist at
the University of California, Irvine, says that Wal-Mart's presence in a community
has the effect of driving down all wages in that community.
For the full story, please visit http://www.columbian.com/news/2014/feb/23/high-price-of-low-cost-products/.
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