Voting on minimum wage this fall? Here’s what you should know
Voting on minimum wage this fall? Here’s what you should know
- September 11, 2014
- Research by David Neumark, economics Chancellor's Professor, is featured on the Wall St. Cheat Sheet September 11, 2014
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From Wall St. Cheat Sheet:
University of California Irvine economist David Neumark believes available data proves
that a minimum wage increase is a poor tool to combat poverty. … The fact that the
credit only helps families with children is key, in Newmark’s opinion. “There are
different views across the political spectrum as to why adults are poor and whether
providing poor adults with assistance reduces work effort and encourages dependence
on government support. But no one views children as actively taking part in decisions
that make them poor, and we know that living in poverty is associated with adverse
outcomes for children.”
For the full story, please visit http://wallstcheatsheet.com/politics/voting-on-minimum-wage-this-fall-he....
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