Highest minimum-wage state Washington beats U.S. job growth
Highest minimum-wage state Washington beats U.S. job growth
- March 5, 2014
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in Bloomberg Businessweek March 5, 2014
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From Bloomberg:
Businesses have plenty of ways besides job cuts to absorb the costs of a minimum-wage
increase, according to Arindrajit Dube, an economist at the University of Massachusetts
at Amherst, whose research found no significant effects on employment…Not everyone
buys that argument. Minimum-wage laws not only reduce employment opportunities and
earnings for low-wage workers, they also reduce demand for their labor as it’s replaced
by other forms of capital, according to research published in 2008 by David Neumark,
an economist at the University of California, Irvine, and William Wascher, an economist
at the Federal Reserve Board of Governors in Washington.
For the full story, please visit http://www.businessweek.com/news/2014-03-05/washington-shows-highest-min....
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