Why the minimum wage will go up
Why the minimum wage will go up
- May 6, 2014
- Research by David Neumark, economics Chancellor's Professor, is featured in Forbes May 6, 2014
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From Forbes:
While economists and politicians debate the merits of hiking the minimum wage – conservatives
say raising pay kills jobs, while liberals argue that it bolsters living standards
and boosts spending, thus helping businesses – members of the public across the political
spectrum favor a higher minimum… Supporting the opposing view, a comprehensive two-decade
literature review by a University of California, Irvine economist and a member of
the Federal Reserve Board, published in 2007, showed that a hike in the minimum wage
hurt the job chances of low-wage workers.
For the full story, please visit http://www.forbes.com/sites/susanadams/2014/05/06/why-the-minimum-wage-w....
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