The argument against raising minimum wage
The argument against raising minimum wage
- March 10, 2014
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the Chicago Tribune and Bloomberg Businessweek March 10, 2014
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From the Chicago Tribune:
The job loss argument is supported by many different academic studies, though proponents
of boosting the minimum wage offer up studies of their own showing negligible effects
on employment. But a widely cited 2006 study by David Neumark, an economics professor
at the University of California, Irvine, and William Wascher, deputy director of research
and statistics at the Board of Governors of the Federal Reserve System, examined the
literature on this issue and found "the weight of the evidence points to disemployment
effects." It also found that "minimum wages may harm the least skilled workers more
than is suggested by the net disemployment effects estimated in many studies."
For the full story, please visit http://www.chicagotribune.com/business/careers/ct-biz-0310-work-advice-h....
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