Breach of trust in minimum wage debate (Blog)
Breach of trust in minimum wage debate (Blog)
- August 4, 2014
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in The Hill August 4, 2014
From The Hill:
Economists have been studying the minimum wage since at least the 1940s. The theory
they’re testing, in a nutshell, is whether demand for employees earning at or near
the minimum wage falls as the cost to hire them rises. In their comprehensive 2008
book Minimum Wages, economists from UC Irvine and the Federal Reserve Board put it
this way: The “prediction of a reduction in labor demand applies unambiguously only
to less-skilled workers whose wages are directly raised by the minimum wage.”
For the full post, please visit http://thehill.com/blogs/congress-blog/labor/214115-breach-of-trust-in-m....
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