In fight over minimum wage hikes, small businesses get trampled
- October 21, 2014
- Research by David Neumark, economics Chancellor’ Professor, is featured by Heartland Oct. 21, 2014
In 1995, University of California, Irvine economics professor David Neumark and Federal Reserve governor William Wascher analyzed payroll records of fast-food restaurants in New Jersey counties …. Neumark and Wascher found confirmation of the common wisdom that increasing the cost of entry-level labor results in increased unemployment, and forces entry-level workers …. to seek employment in other geographic areas with fewer market distortions.
For the full story, please visit http://news.heartland.org/newspaper-article/2014/10/21/fight-over-minimum-wage-hikes-small-businesses-get-trampled.