Raise your state’s minimum wage? Why be like California
Raise your state’s minimum wage? Why be like California
- March 25, 2014
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured by Real Clear Markets March 25, 2014
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From Real Clear Markets:
Only three percent of American workers earn the minimum wage. The other 97 percent
make more, not because of government regulation, but because that is the only way
that employers can persuade them to stay…. University of California, Irvine professor
David Neumark, in a paper forthcoming in the Industrial and Labor Relations Review,
writes that the strongest evidence linking unemployment to increases in the minimum
wage comes from teenagers and other low-skill groups, without regard to industry.
For the full story, please visit http://www.realclearmarkets.com/articles/2014/03/25/raise_your_states_mi....
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