New minimum wage could change city's business climate, experts say
- December 2, 2014
- David Neumark, economics Chancellor’s Professor, is quoted by Redeye Chicago Dec. 2, 2014
From Redeye Chicago:
David Neumark, director of the Center for Economics and Public Policy at the University of California, Irvine, would like to remind everyone involved that money does not, in fact, grow on trees. "The bottom line is, there's winners and losers," he told RedEye. "A lot of the proponents [of a minimum wage increase] like to say that there's no losers, there's no harm, there's just money we create out of nowhere. ... That's not true."
For the full story, please visit http://www.redeyechicago.com/news/local/redeye-chicago-minimum-wage-increase-20141202,0,7022810.story.