Who really gets the minimum wage?
Who really gets the minimum wage?
- July 6, 2014
- An op-ed by David Neumark, economics Chancellor's Professor, is featured in The Wall Street Journal and Yahoo! New Zealand July 6, 2014
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From The WSJ:
A higher minimum wage raises wages of low-wage workers, and even though most evidence
points to job losses from higher minimum wages, the evidence doesn't point to widespread
employment declines. Thus, consistent with a recent Congressional Budget Office report,
many more low-wage workers will get a raise than will lose their jobs. But that argument
is about low-wage workers, not low-income families. Minimum wages are ineffective
at helping poor families because such a small share of the benefits flow to them….
Mr. Neumark is an economics professor and director of the Center for Economics and
Public Policy at the University of California, Irvine.
For the full story, please visit http://online.wsj.com/articles/who-really-gets-the-minimum-wage-14046833... (subscription required).
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