Government has unintended consequences
- November 1, 2014
- David Neumark, economics Chancellor’s Professor, is quoted in the Albert Lea Tribune Nov. 1, 2014
From the Albert Lea Tribune:
Let’s look at the economic reality of raising the minimum wage. … David Neumark, an American economist and a professor of economics at the University of California, Irvine, finds that a 10 percent increase in the minimum wage will decrease minority employment by 3.9 percent, with the majority of the burden falling on minority teenagers (6.6 percent).
For the full story, please visit http://www.albertleatribune.com/2014/11/govt-has-unintended-consequences/.