UC Irvine’s Neumark: Minimum wage hike would “do little” for poor families
UC Irvine’s Neumark: Minimum wage hike would “do little” for poor families
- July 9, 2014
- David Neumark, economics Chancellor's Professor, is quoted by Money News July 9, 2014
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From Money News:
President Obama and others who advocate a minimum wage increase claim it is necessary
to help low-income families. "But a higher minimum wage would do little for such families,"
David Neumark, an economist at University of California, Irvine, writes in The Wall
Street Journal. "Minimum wages are ineffective at helping poor families because such
a small share of the benefits flow to them." There are three reasons for that, he
says.
For the full story, please visit http://www.moneynews.com/Economy/minimum-wage-poor-tax/2014/07/08/id/581....
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