Minimum wage supporters mischaracterize its effects
Minimum wage supporters mischaracterize its effects
- February 25, 2014
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the Washington Examiner February 25, 2014
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From the Washington Examiner:
Despite a Congressional Budget Office report showing that 500,000 low-skilled people
could lose their jobs by 2016 due to a higher minimum wage, some insist that raising
the minimum wage will not affect employment…Other economists, including University
of California, Irvine professor David Neumark, have shown that matters are not so
simple. Although minimum-wage workers get front-page news, as well as the attention
of politicians who think they are doing workers a favor without increasing the federal
budget deficit, fewer than 3 percent of workers make minimum wage. Half of minimum-wage
workers are under 25, many of them teens.
For the full story, please visit http://washingtonexaminer.com/minimum-wage-supporters-mischaracterize-it....
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